💨 Abstract

The US is imposing 104% duties on Chinese imports from midnight, despite the administration's efforts to negotiate with other trading partners. This move, part of Trump's tariff plan, has led to a decline in US stocks and raised fears of recession and upheaval in global trade. China has vowed to retaliate, while the White House plans to create "tailor-made" deals for nearly 70 countries seeking talks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖