Trump announces 30% EU and Mexico rates starting from August 1

President Donald Trump Said the US on Saturday will impose 30% Tariff on goods from European Union and Mexico This will take effect on August 1st.

Trump revealed the new prices in letters Of the President of the European Commission Ursula von der Leyen and the President of Mexico Claudia Shainbaumwhich he published On his social media site the truth social.

“Mexico helps me secure the border, but what Mexico has done is not enough,” Trump writes to Shainbaum.

Trump said there would be no tariffs for EU goods if the 27-member block “or EU companies decide to build or produce a product (s) in the United States,” he writes.

He said that if the EU or Mexico aveng themselves Higher tariffs“Then, regardless of the number you choose to lift them, it will be added to the 30%that we charge.”

The EU is looking for at least a preliminary agreement that would spare him from becoming the latest recipient of Trump’s letter dictating a new

However, she still received a letter from Trump, threatening new tariffs, although both sides recently signaled progress in their negotiations after Trump gave up threat to hit 50% tariffs On the block.

EU collectively sells more to the United States than any country: the total import of goods in the US from the EU exceeded $ 553 billion in 2022 as per US sales representativeS

The US total import from Mexico was approximately $ 454.8 billion in 2022, according to a US sales representative.

The two trading partners combined approximately one third of us imports.

“The imposition of 30 percent EU export tariffs would disrupt the main transatlantic supply chains, to the detriment of business, consumers and patients on both sides of the Atlantic,” says von der Leyen in A A statementS

She said the EU remains “ready to continue working for an agreement until August 1”.

“At the same time, we will take all the necessary steps to protect the interests of the EU, including the adoption of proportional counteraction, if necessary.”

The Mexican Government said in a Sabbath statement that a delegation met on Friday with US trading staff “to establish a permanent binational working group that will deal with the main issues in relations.”

They were informed at the meeting that they would receive new rates, which would start on August 1, according to the statement.

“At the meeting, we stated that this was an unfair attitude and that we did not agree,” the statement said.

“It is very important that since July 11, we have established the necessary path and forum to resolve any opportunity for new tariffs to come into force on August 1,” the statement continued.

Trump sent Similar letters up to 23 Other US trading partners this week including CanadaJapan and Brazil, determining the tariff rates of the blanket, ranging from 20% to 50%.

The letters are most framing the new rates of tariffs as a necessary part of the Trump administration’s efforts to quickly establish a more “reciprocal” global commercial landscape.

Trump had tried to do this with one fell with his “Liberation Day“The announcement of the tariffs on April 2, when he imposed an almost global tariff by 10% and hit higher duties on imports from nearly 60 separate countries.

The message has caused Days of Furious Sales in the global markets. Trump put a 90-day pause at almost all higher tariffs a week later.

Its trading employees suggested that the United States could hit up to 90 new trade deals during this interval. But by the time the break was scheduled to expire on Wednesday, the administration had only taken out preliminary agreements with UK and VietnamS

Secretary of the Ministry of Finance Scott On Saturday, he said the United Kingdom’s sales team “Clea provided an early deal”.

“Let this be a lesson for other countries – serious, bona fide negotiations can lead to powerful results that are beneficial for both sides of the table, while adjusting the imbalances that have hit global trade, Besset wrote At X.

Trade deal Includes a blanket 10% fee for British goods imported into the US

Trump on Monday extended his tariff pause until August 1st. The tariff tariffs he put in his recent number of letters are all planned to start the same day.

Trump told the NBC News on Thursday that he plans to increase its base value to the global tariff value to 20%.

“We’ll just say that all other countries will pay, whether it’s 20% or 15%. We’ll work now,” Trump said.