Trump Announces 30% Tariffs on EU and Mexico Starting August 1

Sat Jul 12 2025 22:50:49 GMT+0300 (Eastern European Summer Time)
Trump Announces 30% Tariffs on EU and Mexico Starting August 1

President Trump's new trade policy introduces significant tariffs on key trading partners, prompting potential retaliation.


In a bold move, President Donald Trump revealed plans to impose a 30% tariff on imports from the European Union and Mexico beginning August 1. This decision forms part of Trump's ongoing efforts to correct what he terms long-standing trade deficits with these partners. He has warned that the tariffs may increase if either region retaliates. The EU, which constitutes America's largest trading partner, is hopeful for a resolution before the implementation deadline. Meanwhile, Trump has also announced new tariffs on imports from a range of countries, including Japan, South Korea, Canada, and Brazil.

In a formal letter addressed to European Commission President Ursula von der Leyen, Trump expressed dissatisfaction with the current state of trade relationships, emphasizing that discussions over the years have not yielded satisfactory agreements. He criticized the EU’s tariff and non-tariff measures as barriers creating persistent trade issues. Last week, he had signaled possible tariffs of up to 50% on EU goods if negotiations do not progress.

As the deadline of July 9 approached, there was increasing concern regarding the lack of agreements and results from the ongoing trade talks with Brussels. According to the U.S. trade representative's office, the trade deficit with the EU in 2024 reached a staggering $235.6 billion. In response to the announced tariffs, von der Leyen highlighted the EU’s commitment to fair trade practices and indicated that they would take necessary countermeasures if required.

In also addressing Mexico, Trump pointed out that the country must strengthen its actions against drug trafficking in the region, although he acknowledged Mexico's assistance in securing the U.S. border. The Mexican government responded strongly, labeling the proposed tariffs an "unfair deal." The prospect of escalating trade tensions has raised concerns about the broader ramifications for global markets and supply chains.

MORE ON THEME

Sat, 12 Jul 2025 15:08:07 GMT

Canada's Trade Standoff: Carney's Response to Trump's Tariff Threats

Sat, 12 Jul 2025 15:08:07 GMT
Sat, 12 Jul 2025 09:47:02 GMT

Australia Strengthens Trade Ties with China Amid Regional Tensions

Sat, 12 Jul 2025 09:47:02 GMT
Sat, 12 Jul 2025 03:40:01 GMT

Trump Promises Federal Aid Amid Ongoing Search for Missing in Texas Flood Tragedy

Sat, 12 Jul 2025 03:40:01 GMT
Sat, 12 Jul 2025 03:38:51 GMT

Israel Warns of Iran's Potential Recovery of Enriched Uranium Post US Strikes

Sat, 12 Jul 2025 03:38:51 GMT
Sat, 12 Jul 2025 03:33:14 GMT

**US Military Support for Ukraine Resumes Amid Escalating Attacks**

Sat, 12 Jul 2025 03:33:14 GMT
Sat, 12 Jul 2025 03:30:17 GMT

Trade Triumphs Over Geopolitics as Australian PM Heads to China

Sat, 12 Jul 2025 03:30:17 GMT
Fri, 11 Jul 2025 22:36:08 GMT

Trump Visits Texas to Support Recovery Efforts Amid Flood Disaster

Fri, 11 Jul 2025 22:36:08 GMT
Fri, 11 Jul 2025 19:55:56 GMT

Trump's 35% Tariff Threat on Canadian Goods Raises Trade Tensions

Fri, 11 Jul 2025 19:55:56 GMT
Fri, 11 Jul 2025 18:46:56 GMT

Trump Proposes NATO Plan to Supply Ukraine with Weapons

Fri, 11 Jul 2025 18:46:56 GMT
Fri, 11 Jul 2025 17:41:42 GMT

Death of Ukrainian Conscript Escalates Tensions with Hungary

Fri, 11 Jul 2025 17:41:42 GMT
Fri, 11 Jul 2025 15:30:10 GMT

Dubai: The New Haven for Russia’s Elite Amidst the Ukraine Conflict

Fri, 11 Jul 2025 15:30:10 GMT
Fri, 11 Jul 2025 12:01:34 GMT

**US to Supply Patriot Air Defence Systems to Ukraine Amid Ongoing Conflict**

Fri, 11 Jul 2025 12:01:34 GMT
Fri, 11 Jul 2025 11:57:49 GMT

Canada Faces Trade Turbulence Amid Trump’s Tariff Policy**

Fri, 11 Jul 2025 11:57:49 GMT
Fri, 11 Jul 2025 10:50:56 GMT

Tariff Turmoil: The Impact of Trump's Inconsistent Trade Policies

Fri, 11 Jul 2025 10:50:56 GMT
Fri, 11 Jul 2025 10:46:45 GMT

Trump Considers Major Tariff Increase on Canadian Imports Amid Trade Disputes

Fri, 11 Jul 2025 10:46:45 GMT
Fri, 11 Jul 2025 10:14:15 GMT

Israeli Official Raises Concerns on Iran's Enriched Uranium Post-U.S. Strikes

Fri, 11 Jul 2025 10:14:15 GMT
Fri, 11 Jul 2025 09:28:35 GMT

**Trump Imposes Tariffs on Brazil Amid Bolsonaro's Legal Battles**

Fri, 11 Jul 2025 09:28:35 GMT
Fri, 11 Jul 2025 04:28:52 GMT

Uncertainty in Asia: The Impact of Trump's Tariff Negotiations**

Fri, 11 Jul 2025 04:28:52 GMT
Fri, 11 Jul 2025 03:13:36 GMT

**Judge Halts Trump's Birthright Citizenship Order as Legal Battle Continues**

Fri, 11 Jul 2025 03:13:36 GMT
Fri, 11 Jul 2025 03:11:50 GMT

The Global Ripple Effect of Trump's Tariff Policy: Who's Truly Winning?

Fri, 11 Jul 2025 03:11:50 GMT

Follow us

© 2024 SwissX REDD UK ltd. All Rights Reserved.