💨 Abstract

President Donald Trump's "reciprocal" tariffs on numerous countries, including a 104% duty on Chinese goods, took effect on Wednesday, deepening a global trade war. Trump's tariffs have shaken the global trading order, caused stock markets to plummet, and raised fears of recession. The S&P 500 has lost nearly $6 trillion since the tariffs were announced, and the index is approaching a bear market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖