💨 Abstract

President Donald Trump's tariffs on numerous countries, including a 104% duty on Chinese goods, took effect on Wednesday, further escalating his global trade war. The tariffs have destabilized global trading, sparked fears of recession, and caused a significant drop in worldwide stocks. The S&P 500 has lost $5.8 trillion in stock market value since Trump announced the tariffs last week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖