Hey news fam, big trade drama is unfolding! U.S. President Donald Trump warned that starting August 1, a massive 30% tariff could hit imports from the EU and Mexico. He announced his decision via letters on Truth Social, addressing European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum.
In his stern tone, Trump accused Mexico of not doing enough to stop cartels from smuggling drugs like fentanyl into the U.S. and slammed the EU for its tariff and non-tariff barriers, which he claims have led to persistent trade deficits. The president’s message was clear: if these trading partners don’t cooperate, expect hefty tariffs.
This isn’t an isolated move. Over the past week, Trump has sent more than 20 similar letters to other U.S. trading partners—including Canada, South Korea, Japan, and Brazil—with tariff threats ranging from 20% to 50%. It seems like the U.S. is setting the stage for a major shake-up in global trade!
European Commission President Ursula von der Leyen quickly responded, emphasizing that the EU remains open to trade talks but won’t hesitate to take countermeasures if needed, warning that a 30% tariff could disrupt essential transatlantic supply chains. Meanwhile, Mexico’s Ministry of Economy called the move unfair and confirmed that talks are underway to block the tariffs from going into effect.
As negotiations continue and the August 1 deadline looms, business professionals, students, and travelers are all keeping an eye on how these tensions might reshape international markets. Stay tuned for more updates on this unfolding trade saga! 😊
Reference(s):
Trump threatens 30% tariffs on EU, Mexico amid trade tensions
cgtn.com
