Analysts have warned that Trump's new tariff threat will have a negative impact
2025-07-13 11:15:58
Analysts have raised concerns about the economic and diplomatic fallout after US President Donald Trump on Saturday threatened to impose 30% tariffs on imports from Mexico and the European Union starting August 1. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, warned that Trump's tariffs would lead to higher prices and job losses in due course, while Alan Sykes of Stanford Law School said he was concerned about whether the US could be seen as a credible party in future negotiations. (Kim X)
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