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Trump announces 30% tariffs on EU and Mexico

July 12, 2025 / 5:03 PM
Trump announces 30% tariffs on EU and Mexico
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Sharjah24 - Reuters: Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting Aug. 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.

The EU had hoped to reach a comprehensive trade agreement with the U.S. for the 27-country bloc.

Earlier this week, Trump issued new tariff announcements for a number of countries, including Japan, South Korea, Canada and Brazil, as well as a 50% tariff on copper.

July 12, 2025 / 5:03 PM

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