Trump says 30-percent tariffs against EU and Mexico to begin on August 1 | Business and Economy News

This marks an increase of 5 percent and 10 percent on Mexican and EU goods respectively.

United States President Donald Trump has imposed a 30-percent tariff on imports from Mexico and the European Union starting on August 1, weeks after negotiations with the major trading partners failed to reach a more comprehensive trade deal.

Trump, who announced the new tariffs on two of the US’s biggest trade partners in separate letters posted to his Truth Social platform on Saturday, said they were…