Big demand for Gen AI! Trump imposes tariffs on all, penguins have to pay tariffs, US is about to enter a recession, and much more! Check it out!!🔻🔻

Hello Readers,

Did you hear?

Trump has imposed tariffs!

When Donald Trump was campaigning to be President, he promised Americans that he would boost local production in his bid to ‘Make America Great Again’. True to his words, he has taken steps to boost local production: by imposing tariffs on all imports! He has imposed reciprocal tariffs on 180 countries and territories in a tit-for-tat move on countries that have imposed sharp tariffs on American imports. This means that importing American companies would be paying a tariff on almost all their imports!! How much?

These tariffs range from 10-50%!

The baseline tariff set up by President Trump’s has been decided at 10%, indicating that almost all imports into the US will have at least 10% tariffs levied on them. However, tariffs levied on all countries are different. China, the US’ arch rival and the core of President Trump’s efforts, received a tariff of 34% in addition to tariffs announced earlier! Highest tariffs were imposed on Lesotho, Cambodia, Vietnam, and Madagascar: over 40 to almost 50%!! Major countries like India, South Korea, the EU, and Japan received tariffs of over 20%! But that’s not all.

Trump wants penguins to pay tariffs!!

In a bizarre turn of events, President Trump has imposed 10% tariff on not just humans, even penguins and seals! Of the territories targeted for tariffs, two of those are remote Australian territories called Heard and McDonald islands. These are islands with no humans that can be reached by travelling via boat for almost 2 weeks and only have penguins and seals! Moreover, these islands are so remote that these were last visited by humans almost 10 years ago! “Nowhere on Earth is safe.” Australian PM Anthony Albanese said for these tariffs! How did markets react?

Stock markets lost over $2 trillion!

Global markets crashed as panic overtook and sellers dominated almost all indices worldwide. Bears overpowered Bulls as export-based countries like Japan and South Korea saw their markets crash over 4-5% in a day! Indian markets also declined, but their losses weren’t as high. Wall Street was overtaken by panic as import-dependent countries like Nike, Dollar Tree, and Apple saw sharp selling. The Nasdaq 100 and S&P 500 lost over 5% in a day, falling to their lowest levels in almost 8 months and wiping over $5 trillion from the markets. However, that’s not the worst part 

The US has a 60% chance of recession: JP Morgan!!

Investment banking giant J.P. Morgan recently released revised estimates wherein it claimed that the risk of a US and global recession increased from 40% to 60% due to President Trump’s reciprocal tariffs. While importing companies do pay these tariffs on imports, they pass on the cost to customers via increased prices. This has sparked concerns that President Trump’s tariffs could result in a spike in inflation! Moreover, these tariffs are bound to result in counter-tariffs by other countries, thereby worsening an already poor trade outlook and resulting in a global recession! 

Speaking of global, did you hear? Generative AI is in-demand globally!?

Since the launch of ChatGPT in late 2022, the world has been incorporating Artificial Intelligence (AI) in almost every aspect. Today, AI is helping with legal work, medical prescriptions, lunch recommendations, and so much more. Every new smartphone model is being incorporated with some AI model that makes life much easier for us.

Generative AI is making work more efficient in the workforce while improving accuracy. But how?

• Automating Repetitive Tasks – AI can handle routine tasks like data entry, report generation, and email responses, freeing employees for strategic work.
• Boosting Customer Support – AI chatbots and virtual assistants provide instant responses to customer queries, improving efficiency and satisfaction.
• Enhancing Personalization – AI can tailor recommendations, emails, and marketing campaigns based on user behavior, leading to more effective engagement.
• Optimizing Workflows – AI can identify inefficiencies in business processes and suggest improvements to enhance productivity.
• Facilitating Collaboration – AI tools like real-time translation and transcription improve communication across global teams.
• Reducing Human Error – AI-driven automation ensures accuracy in financial calculations, compliance checks, and data processing tasks.

Considering its importance and benefits, companies are heavily investing in it or planning to! According to a study by McKinsey, most C-suite respondents already have roadmaps to guide their Gen AI strategies and have begun identifying use cases. However, only 1% of respondents believe their AI investments have reached maturity while 92% plan to invest more in the next 3 years!

This indicates that the market is all set to grow more in the next 5 years!!

Moreover, Indian companies are also taking this trend seriously. HCL Tech has announced its plan to train 20,000 employees in Generative AI every quarter! With the application of AI expanding rapidly, Generative AI is becoming one of the most important fields in which every employee needs to upskill!!

Are you ready?

Join our workshop on Generative AI to get some important tips and tricks that you can use on your job from the first day! From understanding the basics, decoding prompts, understanding the market, to future prospects and applications in multiple fields, learn it all in our latest workshop conducted by industry experts!!