Mexico, Donald Trump and European Union
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Trump, Tariffs and new deals
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The president posted letters to his EU and Mexican counterparts on his Truth Social account on Saturday morning.
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.
European leaders had been trying to negotiate more favorable terms for months. They may retaliate with tariffs of their own.
President Donald Trump on Saturday announced 30% tariffs on the European Union and on Mexico, cementing a new high level of levies with key trading partners ahead of an Aug. 1 implementation.
1hon MSN
President Donald Trump has managed to make his erratic trade policies even more baffling to countries desperate to negotiate an escape from his wrath.
President Donald Trump is hitting some of America’s biggest trading partners with new tariff threats with some as high as 50%.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.