🇺🇸 Analysts are concerned about the economic and diplomatic consequences of President Trump's threat to impose a 30% tariff on goods imported from Mexico and the European Union starting August 1. Mary Lovely, a senior researcher at the Peterson Institute for International Economics, warned that Trump's tariffs would lead to higher prices and unemployment over time, while Alan Sykes from the Stanford Law School expressed concerns about the United States' ability to be perceived as a reliable party in future negotiations.
