Reported about 6 hours ago
U.S. President Donald Trump's tariffs are causing significant disruptions in the global economy, leading to downgraded growth forecasts and revised business plans from companies across various sectors. Many multinationals and smaller businesses are cutting sales targets and laying off employees due to the uncertainty and financial strain brought about by trade tensions. While some economists foresee opportunities for countries like India to benefit from shifting supply chains, the overall consensus is that these tariffs represent a serious 'demand shock' for the world economy, complicating trade relations and prompting financial market caution.
Source: YAHOO