Dow futures drop nearly 200 points after Trump slaps 30% tariff on Mexico and the EU: Live updates
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These tariffs are necessary to address massive trade imbalances that threaten American national security and economic interests. The EU has maintained unfair trade barriers for years, creating unsustainable deficits that hurt American workers and businesses. Mexico hasn't done nearly enough to stop the fentanyl crisis from killing Americans, and the EU has maintained massive trade surpluses while blocking American products with its barriers.
Trump's tariff threats are reckless negotiating tactics that will harm consumers on both sides of the Atlantic through higher prices and economic uncertainty. The 30% rate would disrupt global supply chains. It will also ultimately hurt American consumers through higher prices on everything from cars to pharmaceuticals. The EU and Mexico were already negotiating in good faith, and these sudden escalations destroydestroyed trust while risking a devastating trade war.
These tariffs are necessary to address massive trade imbalances that threaten American national security and economic interests. The EU has maintained unfair trade barriers for years, creating unsustainable deficits that hurt American workers and businesses. Mexico hasn't done nearly enough to stop the fentanyl crisis from killing Americans, and the EU has maintained massive trade surpluses while blocking American products with its barriers.
Trump's tariff threats are reckless negotiating tactics that will harm consumers on both sides of the Atlantic through higher prices and economic uncertainty. The 30% rate would disrupt global supply chains. It will also ultimately hurt American consumers through higher prices on everything from cars to pharmaceuticals. The EU and Mexico were already negotiating in good faith, and these sudden escalations destroyed trust while risking a devastating trade war.