Trump Threatens 30% Tariffs on EU and Mexico as Talks Continue.

Tariff; Trade negotiation; Mexico-United States relations; Economic impact; United States-Mexico-Canada Agreement; Smuggling; Trump, Donald, 1946-; Presidents of the United States

European Union countries; Mexico

The article focuses on President Donald Trump's announcement of new tariff rates, proposing a 30% tariff for Mexico and the European Union, effective August 1, unless better trade terms are negotiated. Trump communicated these changes through letters on social media, expressing frustration with the EU's progress in negotiations and indicating that tariffs could be adjusted based on the countries' cooperation, particularly regarding issues like fentanyl trafficking with Mexico. European leaders, including Ursula von der Leyen and Emmanuel Macron, expressed concern over the potential economic impact and emphasized the need for continued negotiations. The article also notes that the proposed tariffs would not apply to USMCA-compliant goods, which could benefit sectors reliant on this trade agreement. [Extracted from the article]

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