President Donald Trump declared on Saturday that goods imported from the European Union and Mexico will face a 30 per cent tariff beginning August 1. The announcement was made through letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, which Trump shared Saturday via his social media platform, Truth Social, according to a Reuters report.
Trump cautioned that any attempt by the EU or Mexico to counter the tariffs with their own will result in even higher rates on their exports to the United States.
“Then, whatever the number you choose to raise them by, will be added on to the 30 per cent that we charge,” he warned in both letters.
Earlier this week, Trump also unveiled new tariffs targeting several other countries — including Japan, South Korea, Canada, and Brazil — along with a 50 per cent tariff on copper imports.
(more to come)
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