Trump Imposes 30% Tariff On Mexican And EU Goods

Reuters reports:

President Donald Trump on Saturday imposed a 30% tariff on imports from Mexico and the European Union starting on August 1 after weeks of negotiations with the key trading allies failed to reach a more comprehensive trade deal.

The fresh tariffs were announced in separate letters posted on Truth Social on Saturday.

Earlier this week, Trump issued new tariff announcements for a number of countries, including Japan, South Korea, Canada and Brazil, as well as a 50% tariff on copper. The EU had hoped to reach a comprehensive trade agreement with the U.S. for the 27-country bloc.

Read the full article.

Donald Trump unleashed his latest tariff ultimatum, declaring a 30% rate for both Mexico and the European Union https://t.co/alrc3aZrDM

— Bloomberg (@business) July 12, 2025