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Trump declares 30 percent tariffs on EU, Mexico
(MENAFN) President Donald Trump announced on Saturday that the US will introduce 30% tariffs on imports from two major trade partners, the European Union and Mexico. This move follows a recent wave of new tariffs on US allies in Asia and several BRICS nations.
Trump outlined the tariffs in letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, which he shared on Truth Social. The tariffs will take effect on August 1.
He accused Mexico of failing to adequately combat fentanyl trafficking into the US, stating the tariffs could be reduced if Mexico succeeds in “challenging the cartels and stopping the flow” of the drug. In his message to von der Leyen, Trump criticized the EU for maintaining a trade deficit with the US and suggested the tariff could be adjusted if the bloc eliminates its trade barriers and tariffs on American goods.
These new tariffs are separate from previous measures, such as the 25% tariffs on steel, aluminum, and car imports imposed earlier this year.
Trump warned that if either the EU or Mexico retaliates with tariffs of their own, the US will respond with additional measures on top of the 30% tariffs. He also offered to waive the tariffs if companies from either the EU or Mexico shift manufacturing to the United States.
Mexico and the EU are two of America’s largest trade partners, exporting $505 billion and $606 billion worth of goods to the US last year, respectively, according to the US Trade Representative’s Office.
European Commission President von der Leyen responded by saying Brussels remains open to negotiations until the August 1 deadline but is prepared to defend EU interests with proportionate countermeasures.
Earlier this year, Trump imposed 20% tariffs on EU goods, prompting retaliation from Brussels. Though he later reduced most tariffs to 10% following market turmoil, that freeze ended this week, and negotiations have yet to resolve the dispute.
Von der Leyen warned the standoff may have permanently harmed transatlantic relations, stating at a forum in Rome that “the relationship with the US may never go back to what it used to be.”
Trump outlined the tariffs in letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, which he shared on Truth Social. The tariffs will take effect on August 1.
He accused Mexico of failing to adequately combat fentanyl trafficking into the US, stating the tariffs could be reduced if Mexico succeeds in “challenging the cartels and stopping the flow” of the drug. In his message to von der Leyen, Trump criticized the EU for maintaining a trade deficit with the US and suggested the tariff could be adjusted if the bloc eliminates its trade barriers and tariffs on American goods.
These new tariffs are separate from previous measures, such as the 25% tariffs on steel, aluminum, and car imports imposed earlier this year.
Trump warned that if either the EU or Mexico retaliates with tariffs of their own, the US will respond with additional measures on top of the 30% tariffs. He also offered to waive the tariffs if companies from either the EU or Mexico shift manufacturing to the United States.
Mexico and the EU are two of America’s largest trade partners, exporting $505 billion and $606 billion worth of goods to the US last year, respectively, according to the US Trade Representative’s Office.
European Commission President von der Leyen responded by saying Brussels remains open to negotiations until the August 1 deadline but is prepared to defend EU interests with proportionate countermeasures.
Earlier this year, Trump imposed 20% tariffs on EU goods, prompting retaliation from Brussels. Though he later reduced most tariffs to 10% following market turmoil, that freeze ended this week, and negotiations have yet to resolve the dispute.
Von der Leyen warned the standoff may have permanently harmed transatlantic relations, stating at a forum in Rome that “the relationship with the US may never go back to what it used to be.”
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