💨 Abstract

President Trump's decision to impose a 10% tariff on most imported goods and higher duties on several countries has intensified a global trade war, threatening inflation and growth. The tariffs have led to market turbulence, prompting condemnation from other leaders, and could cause higher consumer prices. The tariffs are a response to duties and non-tariff barriers on U.S. goods.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖