Experts Express Concerns Over Trump's Proposed Tariffs on Imports

According to BlockBeats, analysts have raised concerns about the economic and diplomatic repercussions following U.S. President Donald Trump's threat to impose a 30% tariff 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 the tariffs could lead to price increases and job losses over time. Meanwhile, Alan Sykes from Stanford Law School expressed apprehension about whether the United States can be seen as a credible party in future negotiations.