💨 Abstract

President Trump's reciprocal tariffs, including a 104% duty on Chinese goods, took effect on Wednesday, further escalating his global trade war. The tariffs have caused global stock markets to plummet, with the S&P 500 losing nearly $6 trillion in four days. Asian markets resumed sell-off, while Chinese stocks held firm due to state support.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖