Trump announces 30% tariffs on Mexico, EU
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How Canada and Mexico Just Stunned the U.S. Economy with Bold Moves?Canada and Mexico’s recent actions have sent shockwaves through the U.S. economy, and Washington wasn’t ready. What was meant to reinforce U.S. influence has triggered a calculated response from its closest neighbors.
Canada became the latest country to be slapped with increased tariffs by the Trump administration on Thursday. Starting August 1,
Sheinbaum addressed new U.S. tariffs on Canada, shared plans for a National AI Laboratory and reflected on the role of La Malinche.
The country with the most favorable view of the United States was Israel, with 95% viewing it as an ally and 1% viewing it as a threat. Mexico, meanwhile, had the least favorable responses, 37% viewing the United States as an ally and 68% a threat.
U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war.
Trump's tariffs could shrink Canada's economy by 2.1% in real terms, says The Budget Lab of Yale. Canada faces a 35% tariff threat by August 1, on top of tariffs on potash, steel, and automobiles. The US ranks second in terms of economic damage due to tariffs,