Stocks Recoil as Trump Dials Up Tariff Tensions
Donald Trump dialed up trade tensions again by announcing a 30% tariff on imports from the EU and Mexico, effective Aug. 1. The EU plans to engage more with other countries hit by the US levies, people familiar said, and is looking to deepen trade agreements with India and other countries. Mexican officials were taken aback by Trump's threat, having frequently visited his top aides to discuss efforts to fight drug trafficking.
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