💨 Abstract

customs started collecting a 10% tariff on imports from various countries on Saturday, with higher rates for goods from 57 trading partners starting next week. This marks President Trump's full rejection of the post-WWII system of mutually agreed tariff rates. The tariffs, described as the "single biggest trade action of our lifetime," are expected to evolve as countries negotiate lower rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖