How President Trump's looming tariffs on Mexico, European Union could impact U.S. consumers

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How President Trump's looming tariffs on Mexico, European Union could impact U.S. consumers

By: CBS Politics Posted On: July 14, 2025 View: 1

How President Trump's looming tariffs on Mexico, European Union could impact U.S. consumers - CBS News

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President Trump is threatening Mexico and the European Union, two of the largest U.S. trading partners, with 30% tariffs starting in August if they don't reach a trade deal with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means for U.S. consumers.

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