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Kevin Hassett, the chief economic adviser to President Donald Trump, has confirmed the implementation of 30% tariffs on goods imported from the European Union and Mexico. These tariffs are set to remain in place unless significant improvements are made in trade deals.
This development occurs amid ongoing trade negotiations focused on:
- Addressing trade imbalances
- Protecting American industries
Hassett noted that discussions with both the EU and Mexico are still active, indicating that tariff adjustments may occur if agreements align with the administration’s expectations. The tariffs cover a wide range of products with the goal to:
- Boost U.S. manufacturing
- Reduce unfair competition
Industry experts are closely monitoring the situation due to its potential impact on global trade dynamics and consumer prices. The U.S. government highlights the importance of fair trade and remains prepared to take firm actions to protect American economic interests.
For more updates, stay tuned to Questiqa USA.
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