President Donald Trump has posted two letters on his social media platform asserting new tariffs on the European Union and Mexico that can take impact on Aug. 1.
Trump will impose a 30% tariff on Mexico as a result of fentanyl crossing the border, he stated in a letter to Mexican President Claudia Sheinbaum.
“Mexico has been serving to me safe the border, BUT what Mexico has performed will not be sufficient. Mexico nonetheless has not stopped the Cartels who’re making an attempt to show all of North America in a Narco-Trafficking Playground,” Trump wrote within the letter.
Mexico didn’t face a brand new tariff on April 2, the day of Trump’s so-called “Liberation Day” tariff rollout. There stays a 25% tariff on non-USMCA-compliant items from Canada and Mexico, in addition to a 50% tariff on metal, aluminum and spinoff merchandise.
The United States primarily imports autos, equipment and electrical tools, alongside agricultural merchandise resembling fruits, greens, beer and spirits from Mexico.
President Donald Trump speaks to the media as he arrives on the White Home, June 9, 2025, in Washington, D.C.
Win McNamee/Getty Photographs
Trump stated the EU will even face a 30% tariff on account of america commerce deficit, in a letter addressed to European Fee President Ursula von der Leyen.
The EU, one of many largest buying and selling blocs with the U.S., primarily exports pharmaceutical merchandise and mechanical home equipment to the U.S.
Based on the Workplace of the U.S. Commerce Consultant, the U.S. items commerce deficit with the European Union was $235.6 billion in 2024, a 12.9 % improve over 2023.
Trump has lengthy touted productive conversations that left him “extraordinarily happy” relating to a commerce cope with the EU; nonetheless, at one level, he as soon as threatened tariffs as excessive as 50%.
In his letters, Trump once more promised that there can be no tariffs on manufacturing firms that determine to construct within the U.S.
The European Fee president responded Saturday saying the 30% tariff “would damage companies, customers and sufferers on each facet of the Atlantic.”
“We’ll proceed working in the direction of an settlement by August 1,” von der Leyen stated. “On the similar time, we’re able to safeguard EU pursuits on the idea of proportionate countermeasures.”
In an announcement posted on X, Mexican financial minister Marcelo Ebrard stated Mexico had already been negotiating with the U.S. to “shield companies and jobs.”
“We had been knowledgeable that, as a part of the profound adjustments in U.S. commerce coverage, all nations will obtain a letter signed by the President of america establishing new tariffs beginning August 1st,” Ebrard stated. “We acknowledged on the assembly that this was an unfair deal and that we didn’t agree with it.”
