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Analysts: Trump's New Tariff Threats Will Have Negative Impact
Summary: Analysts are expressing concerns over the economic and diplomatic consequences of US President Trump's threat on Saturday to impose a 30% tariff on goods imported from Mexico and the EU starting from August 1. Mary Lovely, a senior researcher at the Peterson Institute for International Economics, warned that Trump's tariffs will eventually lead to price ...
Analysts are expressing concerns over the economic and diplomatic consequences of US President Trump's threat on Saturday to impose a 30% tariff on goods imported from Mexico and the EU starting from August 1. Mary Lovely, a senior researcher at the Peterson Institute for International Economics, warned that Trump's tariffs will eventually lead to price hikes and unemployment, while Alan Sykes from Stanford Law School expressed worries about whether the US will be seen as a credible party in future negotiations.
