💨 Abstract

Donald Trump announced a doubling of tariffs on steel and aluminum imports to 50% amid an escalating trade war. This move came after a federal appeals court allowed the tariffs, previously ruled illegal, to continue. Trump plans to keep fighting this in court, potentially up to the Supreme Court. He has imposed significant tariffs on both allies and adversaries, including high rates on China. Trump has accused China of violating a trade agreement, ending negotiations due to these perceived violations.

Courtesy: www.thesun.co.uk