A trade dispute is escalating between two countries. The US president has made a threat to increase tariffs on certain goods. Automotive parts and steel are among the items that could be affected.

The president claims one country has imposed high tariffs on US agricultural products, contributing to a significant trade deficit. This deficit is said to be around $60 billion.

Further details on the situation, including the potential impact on consumers, are available from the source. The president's threat includes a specific date for the tariffs to take effect, but the outcome is not yet clear.