Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families
Video Credit: Oneindia - Duration: 03:11s - Published
Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families
President Trump has announced sweeping 30% tariffs on imports from the European Union and Mexico, igniting fresh trade tensions.
Starting August 1, key sectors like auto parts, electronics, agriculture, and pharmaceuticals could see massive price hikes.
The EU had hoped for a trade deal, but escalating tariffs now threaten negotiations.
With over 60% of U.S. vegetables and 71% of drywall materials coming from Mexico, American households could see grocery and construction costs soarāup to $1,200 more annually.
Retaliatory tariffs from affected countries may soon follow.
#TrumpTariffs #TradeWar #EUTariffs #MexicoTariffs #USPolitics #TariffShock #AmericaFirst #SupplyChain #ImportCosts #TrumpNews #GlobalTrade #ConsumerPrices #EconomyWatch #TariffImpact #AutoIndustry #GroceryPrices #ConstructionCosts #MexicoExports #EUTensions #USMexicoTrade #EUUSRelations #TariffBacklash #EconomicPolicy #USConsumers #ExportCrisis #GlobalMarkets #TrumpAgenda #PharmaTariffs #AgricultureCosts #TradeTensions #PriceHikes
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Hungarian Prime Minister Viktor Orban has sparked political shockwaves by refusing to sign the EUās joint statement backing Ukraine, issued just days before the upcoming TrumpāPutin meeting in Alaska. The statement, agreed upon by other EU leaders, emphasized that international borders cannot be changed by force and that peace in Ukraine must include Ukraineās voice. Orban claims the declaration was an attempt to set preconditions for a meeting to which the EU was not invited ā further deepening tensions within Europe ahead of a critical geopolitical summit.
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Alaska is set to host former U.S. President Donald Trump and Russian President Vladimir Putin in Anchorage on August 15 for their first face-to-face meeting since 2022. Locals are dividedāsome see the summit as historic with the potential to influence the Ukraine warās outcome, while others fear it could make Alaska a target for attacks. With tensions still high over Russiaās invasion of Ukraine, security in Anchorage will be unprecedented as the worldās attention turns to this unlikely meeting location.
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Trumpās aggressive tariff policies are driving key global players toward China and Russia, strengthening BRICS as a united front against U.S. dominance. Leaders from India, Brazil, Russia, and China are deepening economic and strategic ties, defying U.S. pressure and embracing multipolar cooperation. With BRICS expanding and over 30 countries seeking membership, Washingtonās trade war may be fueling the very bloc it seeks to counter.
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26 EU countries issue a statement in support of Ukraine ahead of the Alaska talks, without Hungary
Hungary's PM Viktor OrbƔn said the EU attempts to set conditions for a meeting to which leaders of the EU were not invited. He also called for an EU-Russia summit.
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U.S. has announced a 90-day pause on new China tariffs, sparking speculation that President Trump may be softening his stance under pressure from Beijing. The move follows recent talks with Chinese..
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