💨 Abstract

President Trump will announce new tariffs on Wednesday, with potential reciprocal duties on countries imposing duties on US goods. A 25% tariff on auto imports will also take effect on April 3. The tariffs, which could raise $6 trillion in revenue, are aimed at restoring the "golden age of America." However, economists warn that these tariffs could raise prices at home and abroad and negatively impact the global economy.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖