President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

Mexico City

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

President Donald Trump has announced his intention to impose a 30% tariff on imports from the European Union and Mexico, following unsuccessful negotiations for a comprehensive trade deal. In letters posted on social media, Trump cited concerns over Mexico's efforts to combat drug cartels and longstanding trade imbalances with the EU as reasons for the tariffs.

European leaders, including the president of the European Commission and prime ministers from Italy and the Netherlands, have expressed concern over the proposed tariffs, warning of disruption to transatlantic supply chains and economic recovery. Business leaders in Europe have also voiced alarm, emphasizing the potential damage to both economies and international cooperation.

Trump intensifies trade war, threatens 30% tariffs on EU, Mexico

Now, President Trump sent out letters laying out the reasons for his new tariffs against the EU and Mexico. And in them, he says, Mexico still has not stopped the cartels who are trying to turn all of North America into a narco-trafficking playground. Obviously, I cannot let that happen. And Trump said to the EU, these tariffs are necessary to correct the many years of European Union tariff and non-tariff policies and trade barriers which cause the large and unsustainable trade deficits against the United States. This deficit is a major threat to our economy and indeed our national security. So to dig deeper into the response from the European countries that are affected, let's turn to CBC's Dominic Velaitis. He gives us this report from Riga, Latvia. I should start by saying that this hasn't come as a complete surprise to the European Union. We understand that the 27-member state bloc was told in advance of Trump posting those letters on his social media site, Truth Social. That said, it's done nothing to quell the absolute shockwaves that are being felt across the continent right now. And as you can imagine, Natasha, a reaction has been coming through thick and fast since Trump posted those letters. Let's start, though, in the world of European politics, specifically with the president of the European Commission, Ursula von der Leyen. Now, in a statement, she had the following to say, imposing 30% tariffs on EU exports would disrupt essential transatlantic supply chains to the detriment of businesses, consumers and patients on both sides of the Atlantic. And she goes on to say, we remain ready to continue working towards an agreement by August the 1st. At the same time, she adds, we will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required. We've also heard Natasha from the Italian Prime Minister, Giorgio Meloni, in a statement released by her office. She emphasized the importance of goodwill while moving forward with those negotiations, while warning that a transatlantic trade clash would be counterproductive. And she urged all parties to focus now on negotiations and avoid polarization, which she said could complicate reaching an agreement. We've heard, too, from the Dutch Prime Minister, Dick Schoof. He describes the U.S. announcement of those 30% tariffs on EU goods from August 1st as concerning and not constructive, and he has expressed his full support for the European Commission and is calling for EU unity and determination in seeking a mutually beneficial outcome with the United States. Now, that's the world of politics, Natasha. We've also been hearing from the world of business and industry here in Europe. Wolfgang Niedermark is one such voice. He is a senior official in the German industrial lobby BDI, and he had this to say. President Trump's announcement is an alarm signal for industry on both sides of the Atlantic. A trade conflict between two economic areas as closely intertwined as the EU and U.S. is damaging to economic recovery, innovative strength, and ultimately, trust in international cooperation. Meanwhile, Natasha, others say the threat of these tariffs have likely topped expectations, would have a significant destructive effect on trade, and are the last thing that the U.S. and European Union needs, Natasha. Dominic Velaitis reporting from Riga, Latvia.

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Los Angeles

Judge orders Trump to stop Californian immigration raids

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Washington

Trump announces tariffs on European Union, Mexico

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Tel Aviv-Yafo

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Rafah

Middle East Conflict

Israel's plan for 'humanitarian city' in Rafah sparks outrage

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Ahmedabad

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Jerusalem

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Kyiv

Ukraine Invasion

Russia launches more strikes, damages Ukraine maternity hospital

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Camarillo

Protesters clash with ICE agents over immigration operation

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Center Point

Urgent search operations for flood victims stretch miles in Texas

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Texas

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Kuala Lumpur

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Ventura County

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San Francisco

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Moscow

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Kerr County

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Sana'a

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Trump intensifies trade war, threatens 30% tariffs on EU, Mexico

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Global Tariffs