We show you our most important and recent visitors news details Trump imposes 30% tariffs on EU and Mexico, warns against retaliation in the following article
Hind Al Soulia - Riyadh - WASHINGTON — US President Donald Trump announced Saturday that a 30% tariff will be imposed on goods imported from the European Union and Mexico starting August 1, escalating trade tensions with two of Washington’s major partners.
In a statement posted on Truth Social, Trump shared formal letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, notifying them of the new tariffs. He justified the move as a response to what he called “long-standing trade imbalances” and “unfair barriers.”
“To the European Union,” Trump wrote, “we must move away from these long-term, large, and persistent trade deficits, engendered by your tariff and non-tariff policies.” He added that the US-EU trade relationship “has been, unfortunately, far from reciprocal.”
Trump warned both parties that any retaliatory tariff increases would be met with further hikes. “Whatever the number you choose to raise them by will be added on to the 30% that we charge,” he stated.
In his letter to Mexican President Sheinbaum, Trump acknowledged recent cooperation in stemming the flow of undocumented migrants and fentanyl into the US but criticized what he called Mexico’s failure to prevent North America from becoming a “Narco-Trafficking Playground.”
The decision casts a shadow over ongoing US-EU trade negotiations, which Brussels had hoped to finalize this month.
The move also follows a fresh wave of tariffs announced earlier this week, including a 50% duty on copper imports and new penalties targeting Japan, South Korea, Canada, and Brazil. — Agencies
These were the details of the news Trump imposes 30% tariffs on EU and Mexico, warns against retaliation for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Saudi Gazette and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
