President Donald Trump has posted two letters on his social media platform pronouncing new price lists at the Ecu Union and Mexico that can take impact on Aug. 1.
Trump will impose a 30% tariff on Mexico because of fentanyl crossing the border, he stated in a letter to Mexican President Claudia Sheinbaum.
“Mexico has been serving to me protected the border, BUT what Mexico has executed isn’t sufficient. Mexico nonetheless has no longer stopped the Cartels who’re looking to flip all of North The us 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 by-product merchandise.
The United States principally imports cars, equipment and electric apparatus, along agricultural merchandise reminiscent of culmination, greens, beer and spirits from Mexico.
President Donald Trump speaks to the media as he arrives on the White Area, June 9, 2025, in Washington, D.C.
Win McNamee/Getty Pictures
Trump stated the EU may also face a 30% tariff because of the US industry deficit, in a letter addressed to Ecu Fee President Ursula von der Leyen.
The EU, some of the greatest buying and selling blocs with the U.S., basically exports pharmaceutical merchandise and mechanical home equipment to the U.S.
Consistent with the Place of job of the U.S. Business Consultant, the U.S. items industry deficit with the Ecu Union used to be $235.6 billion in 2024, a 12.9 % building up over 2023.
Trump has lengthy touted productive conversations that left him “extraordinarily glad” referring to a industry care for the EU; on the other hand, at one level, he as soon as threatened price lists as prime as 50%.
In his letters, Trump once more promised that there could be no price lists on production firms that come to a decision to construct within the U.S.
The Ecu Fee president answered Saturday announcing the 30% tariff “would harm companies, customers and sufferers on each aspect of the Atlantic.”
“We will be able to proceed operating in opposition to an settlement through August 1,” von der Leyen stated. “On the identical time, we’re in a position to safeguard EU pursuits at the foundation of proportionate countermeasures.”
This can be a creating tale. Test again for updates.
