Reported about 9 hours ago
U.S. President Donald Trump announced a 30% tariff on imports from the European Union and Mexico, starting August 1, causing a ripple effect in global markets. Traders had anticipated a broadening of Trump's tariff strategy, but this new rate surpassed expectations. Analysts express concern over potential escalations in trade tensions and the adverse impact on the euro and Mexican peso. While some believe it is part of a negotiation tactic, others warn of serious economic consequences if these tariffs are implemented.
Source: YAHOO