💨 Abstract

President Donald Trump paused tariffs on dozens of countries, causing global stock markets to surge, while escalating trade tensions with China. Trump's reversal was due to market volatility and to bring countries to the negotiating table. The tariff on Chinese imports was increased to 125% from 104%. Despite a temporary 90-day freeze, a 10% blanket duty on almost all U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖