Trump announces 30% tariffs on EU and Mexico, starting Aug. 1 [View all]
Last edited Sat Jul 12, 2025, 10:32 AM - Edit history (2)
Source: CNBC
Published Sat, Jul 12 2025 8:57 AM EDT Updated 44 Min Ago
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1.
Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, which he posted on his social media site Truth Social. “Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough,” Trump wrote to Sheinbaum.
Trump said that there will not be tariffs on goods from the EU if the 27-member bloc, “or companies within the EU, decide to build or manufacture product[s] within the United States,” he wrote. He said that if the EU or Mexico retaliates with higher tariffs, “then, whatever the number you choose to raise them by, will be added on to the 30% that we charge.”
The EU was seeking at least a preliminary agreement that would spare it from becoming the latest recipient of a letter from Trump dictating a new, across-the-board tariff on its exports to the U.S.
Read more: https://www.cnbc.com/2025/07/12/trump-tariffs-european-union-eu-mexico-trade.html
Article updated.
Previous article -
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1.
Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico's President Claudia Sheinbaum, which he posted on his social media site Truth Social. "Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough," Trump wrote to Sheinbaum.
Trump said that there "will be no tariff" on goods from the EU if the 27-member bloc, "or companies within the EU, decide to build or manufacture product[s] within the United States," he wrote. He said that if the EU or Mexico retaliates with higher tariffs, "then, whatever the number you choose to raise them by, will be added on to the 30% that we charge."
The EU was seeking at least a preliminary agreement that would spare it from becoming the latest recipient of a letter from Trump dictating a new, across-the-board tariff on its exports to the U.S.
Original article/headline -
Published Sat, Jul 12 2025 8:57 AM EDT
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1.
Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico's president Claudia Sheinbaum, which he posted on his social media site Truth Social.
The EU was seeking at least a preliminary agreement that would spare it from becoming the latest recipient of a letter from Trump dictating a new, across-the-board tariff on its exports to the U.S. However, it still managed to secure one, despite both sides having recently signaled progress in their negotiations after Trump backed off a threat to slap 50% tariffs on the bloc.
Trump has sent similar letters to 23 other U.S. trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20% up to 50%.
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