What could a transatlantic tariff escalation mean for the global economy? | DW News

Both Mexico and the European Union are hoping to reach agreement with the United States to avert new trade tariffs threatened by Donald Trump. The US president says he'll impose 30% levies on imports, starting next month. The EU is holding out hope of reaching a deal and says it won't impose countermeasures for now. 00:00 Mexico and EU hope to avert Trump trade tariffs 03:36 Jeffrey Frankel, Economist 07:47 David Kleimann, Senior Research Associate, ODI Europe For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 #Trump #tariffs #EU