💨 Abstract

President Trump announced sweeping tariffs on U.S. imports, sparking threats of retaliation from global partners. The tariffs, ranging from 10% to 54%, could upend global supply chains, hurt corporate profits, and potentially cause a U.S. recession. Allies like Canada, China, and the European Union have vowed retaliation, while some trading partners are holding off for concessions.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖