Consumer Headlines: President Trump Announces 30% Tariffs On Mexico And EU Imports

President Trump says the US will hit Mexico and the European Union with 30% tariffs, set to take effect on August 1st. Trump warned that if the EU or Mexico retaliates with their own tariffs, the US would add another 30% on top. The EU and Mexico together make up about one-third of all US imports, and the EU is the largest collective seller to the US. Find out what these new tariffs could mean for consumers and the economy.