Analysis: Trump's New Tariff Threats Will Have Negative Effects

ChainCatcher news, according to Jinshi reports, analysts are concerned about the economic and diplomatic consequences following President Trump's threat on Saturday 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 will lead to price increases and unemployment at the appropriate time, while Alan Sykes from Stanford Law School expressed his concern about whether the U.S. can be seen as a credible party in future negotiations.