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Trump announces tariffs on European Union, Mexico

CBS News · New
CBS News
CBS News
New

President Trump issued new threats in his global trade war, aiming at two more of America's biggest trading partners. The EU and Mexico responded by calling the tariffs unfair and disruptive.

BreakdownGenerated by LeadStory AI
  • President Trump announced new 30 percent tariff threats on the European Union and Mexico. 15s
  • The tariffs are justified by Trump as a response to trade deficits and concerns over drug cartels. 35s
  • Canada was also targeted with new 35 percent tariffs and has responded with countermeasures. 1m 1s
  • Some U.S. lawmakers warn the tariffs could increase economic instability. 1m 47s
  • Despite tariff threats, the S&P 500 has gained 26 percent since April. 2m 13s
PoliticsEconomyForeign Affairs