💨 Abstract

The Trump administration has imposed tariffs on various countries to force them to drop trade barriers against U.S. goods. However, the definition of trade barriers includes issues beyond tariffs, such as agricultural safety requirements, tax systems, currency exchange rates, product standards, legal requirements, and red tape at the border. The administration has given countries three months to make concessions before tariffs ranging from 10% to over 50% go into effect.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖