💨 Abstract

President Donald Trump warned foreign governments to pay "a lot of money" to lift his newly imposed tariffs, sparking concerns of higher prices, weaker demand, and a potential global recession. Asian stocks plummeted, and U.S. stock market futures fell sharply. Trump said he had spoken to leaders from Europe and Asia, who are hoping to negotiate tariff reductions. However, Trump indicated that negotiations would require significant payments from these countries.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖