Analysts: Trump's new tariff threat will have negative impact

Odaily News Analysts expressed concerns about the economic and diplomatic consequences of U.S. President Donald Trump's threat on Saturday to impose 30% tariffs on goods imported from Mexico and the European Union starting August 1. Mary Lovely, a senior fellow at the Peterson Institute for International Economics, warned that Trump's tariffs would lead to higher prices and job losses in due course, while Alan Sykes of Stanford Law School said he was concerned about whether the United States could be seen as a credible party in future negotiations. (Jin Shi)