Hightlight Notes
- ๐๏ธ President Trump announced new tariffs, raising concerns about inflation.
- ๐ Fed Chairman Jerome Powell warns of sustained increases in consumer prices.
- ๐ก Tariffs likely to cause at least a temporary rise in inflation, possibly persistent effects.
- ๐ Powell emphasizes the need to keep long-term inflation expectations stable.
- ๐ต One-time price increases should not turn into ongoing inflation issues.
- ๐๏ธ Everyday consumers will bear the cost of these tariffs on imported goods.
- ๐ Items like fruits, vegetables, electronics, and clothing expected to see price hikes.
- ๐ Auto parts importation may increase repair costs at mechanics.
- ๐ญ GOP believes tariffs will bring back US manufacturing jobs, but risks exist.
- ๐ Businesses may face profit declines or alter supply chains due to tariffs.
- ๐ Modern economies' heavy reliance on foreign trade complicates tariff impacts.
- ๐ Consumers need to reassess budgets and expenses in light of potential price increases.
- ๐ข India's Minister of Commerce stresses investments in advanced technologies.
- ๐ค Innovations in robotics and machine learning are vital for India's industrial future.
- ๐ India's startups focus on food delivery, contrasting with global competitors in tech.
- ๐ Chinese startups leading in electric mobility battery tech, dominating the ecosystem.