💨 Abstract

The US has imposed a 25% tariff on Mexico and Canada, with China and Canada retaliating with tariffs on American goods. The Trump administration claims this is necessary to stem the flow of drugs, but it may weaken the North American economy and ignite a trade war. Canada plans to impose a 25% tariff on $20.7 billion of US goods and challenge the tariffs at the World Trade Organization.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖