President Donald Trump has announced sweeping 30% tariffs on imports from the European Union and Mexico, effective August 1, intensifying global trade tensions. The move comes after months of erratic trade policy shifts and failed negotiations, leaving trading partners and markets in a state of uncertainty. Both the EU and Mexico have signaled readiness to retaliate, warning of countermeasures to protect their interests. Experts warn that these tariffs will likely increase costs for American households and businesses, disrupt global supply chains, and could push affected countries closer to alternative trading partners like China. The ongoing tariff threats and lack of clear trade deals have created confusion and volatility in global markets.
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