What are the risks from Trump’s latest tariff threats?
Summary
United States President Donald Trump announced new tariffs of 30 percent on goods from Mexico and the European Union starting next month. Mexico and the EU want to keep talking to avoid a trade war.Key Facts
- President Trump said he will impose 30 percent tariffs on Mexico and the EU.
- Tariffs are taxes on imported goods that make them more expensive.
- The new tariffs will start next month.
- Mexico and the EU want to continue discussions to prevent a trade war.
- A trade war is when countries try to hurt each other's trade by blocking imports or increasing tariffs.
- The announcement caused surprise and concern about potential trade conflicts.
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