Trump intensifies trade war with 30% tariffs on EU and Mexico
President Donald Trump has announced his intention to impose a 30% tariff on imports from Mexico and the European Union following unsuccessful negotiations for a comprehensive trade deal. The announcement was made through letters to European Commission President Ursula von der Leyen and Mexico's President Claudia Sheinbaum, with both parties notified in advance. E.U. officials have indicated readiness to continue negotiations but warned of proportionate countermeasures if necessary. Mexico's economic ministry expressed hope for an agreement before the tariffs take effect. Trump also sent similar warnings to 23 other trading partners, while existing sectoral tariffs on steel, aluminum, and autos remain unchanged. The move signals a return to a more aggressive U.S. trade policy.
BreakdownGenerated by LeadStory AI
- Trump threatens 30% tariffs on imports from Mexico and the EU after failed trade talks.
- The tariff announcement was made in letters to EU and Mexican leaders, with prior notification. 19s
- EU and Mexico both responded, with the EU warning of possible countermeasures. 35s
- Similar tariff warnings were sent to 23 other U.S. trading partners. 1m 0s
- Existing tariffs on steel, aluminum, and autos remain unchanged. 1m 13s
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Global Tariffs
Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.