Trump Announces 30% Tariffs on EU and Mexico as Trade Tensions Persist
President Donald Trump has expanded his administration’s tariff policy, targeting the European Union and Mexico with newly announced 30% tariffs on all products imported into the United States.
On July 11, Trump formally notified the leaders of both trading partners about the new rates via letters.
In response, the European Union announced yesterday that it will extend its suspension of retaliatory measures against U.S. tariffs until early August, signaling a willingness to continue negotiations with the Trump administration in hopes of reaching a new trade agreement...
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