💨 Abstract

President Donald Trump announced sweeping tariffs on Thursday, sparking threats of a trade war and steep price hikes in the world's largest consumer market. The tariffs would amount to the highest trade barriers in over a century, including a 10% baseline tariff on all imports and targeted duties on major trading partners. Businesses are adjusting, with Stellantis temporarily laying off U.S. workers and General Motors increasing U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖