Analysis: Trump's New Tariff Threat Would Have a Negative Impact

BlockBeats News, July 13th, analysts expressed concerns about 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 EU starting from August 1st.

Mary Lovely, a senior fellow at the Peterson Institute for International Economics, warned that Trump's tariffs would eventually lead to price hikes and job losses, while Alan Sykes from Stanford Law School expressed concerns about whether the U.S. would be seen as a credible party in future negotiations. (FX168)