Trump, Mexico and Tariff
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1hon MSN
Tariffs—taxes placed on imported goods—are one of the oldest tools in the United States' economic policy arsenal, dating back to the 18th century. Recently they've returned to the spotlight in a big way.
President Trump announced on social media that he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1.
"It’s all going to be the same for everyone," the president told reporters of the U.S. duty those countries will face.