Analysts: Trump’s New Tariff Threats Will Have Negative Effects

Odaily Planet Daily reported that analysts have expressed concerns over the economic and diplomatic consequences after U.S. President Trump threatened on Saturday to impose a 30% tariff on goods imported from Mexico and the European Union starting August 1. Mary Lovely, Senior Fellow at the Peterson Institute for International Economics, warned that Trump’s tariffs would eventually lead to price increases and unemployment. Meanwhile, Alan Sykes from Stanford Law School stated that he is worried about whether the United States can be seen as a credible party in future negotiations. (Jin10)