💨 Abstract

President Donald Trump announced a 10% tariff on most goods imported to the US, with higher levies on allies and rivals, escalating a global trade war. This move has caused market turbulence, drawn criticism from leaders, and threatens to increase inflation and stall growth. China, Japan, and the European Union face tariff rates of 34%, 24%, and 20% respectively.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖