Analysts warn Trump's new tariff threats will have negative impact-ABC NEWS:Building Your Future, Block by Block

Analysts warn Trump's new tariff threats will have negative impact

analysts are concerned about the economic and diplomatic consequences after US President Trump threatened to impose a 30% tariff on goods imported from Mexico and the European Union starting from August 1. Mary Lovely, a senior researcher at the Peterson Institute for International Economics, warned that Trump's tariffs will eventually lead to price increases and unemployment, while Alan Sykes of Stanford Law School expressed concern about whether the US will be seen as a credible party in future negotiations. 

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