Trump Announces 30% Tariff on Mexico and EU

• US President Donald Trump has announced steep 30% tariffs on Mexico and the European Union from August 1.

• The tariffs are cited as a response to Mexico’s role in illicit drugs and a trade imbalance with the EU.

• The EU criticized the move, warning of supply chain disruption, but insists on continuing talks.

• Mexico criticized the move as an unfair deal.

• The new duties for Mexico are higher than the 25% levy imposed on Mexican goods earlier this year.

• The EU tariff is steeper than the 20% levy introduced in April.