Trump said that starting from August 1, Mexico’s 30% tariffs will continue.
U.S. President Donald Trump announced on Saturday that he would begin 30% tariffs on the EU and Mexico on August 1, after weeks of negotiations with major trade allies that failed to reach a more comprehensive trade deal.
The fresh tariffs were announced in a separate letter posted on Truth Social on Saturday.
Earlier this week, Trump issued new tariff announcements for many countries including Canada, Japan, South Korea and Brazil, as well as 50% tariffs on copper. The EU had hoped to reach a comprehensive trade agreement with the United States, and reached a 27bloc.
In a letter to the Mexican leader, Trump acknowledged that the country helped to stop undocumented immigrants and fentanyl from entering the United States.
But Mexico hasn’t done enough to stop North America from becoming a “Narco trafficking playground.”
In his letter to the EU, Trump said that the U.S. trade deficit is a national security threat.
“We have discussed trade relations with the EU for many years and we have concluded that we must get rid of these long-term, large and persistent trade deficits, trade deficits arising from your tariffs and non-tax laws, policies and trade barriers,” Trump wrote in his letter to the EU. “Unfortunately, our relationship is far from the countdown.”
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In response to Trump’s latest tariff announcement, the Mexican Ministry of Economic Affairs said the goal of the bilateral working group is to replace the 30% tariff before it takes effect.
Mexico informed the United States that it would receive a letter about tariffs, adding that Mexico is in talks, the ministry said.
Prime Minister Mark Carney responded to the latest threat from President Donald Trump to impose a 35% tariff on all Canadian goods, saying the “revised deadline” is August 1, and “Canada has made crucial progress to stop the scourge of fentanyl.”
Ursula von der Leyen, the president of the EU’s main executive body, talked about Trump’s impact on the production and distribution of goods.
“The 30% tariff on EU exports will undermine the basic transatlantic supply chain and harm businesses, consumers and patients on both sides of the Atlantic,” she said.
“The EU has always prioritized solutions negotiated with the United States, which reflects our commitment to dialogue, stability and constructive transatlantic partnerships.
“We are still ready to continue our efforts to reach an agreement by August 1. At the same time, we will take all necessary steps to protect EU interests, including adopting proportional countermeasures when needed.”
Trump is announcing new tariff announcements with allies and enemies, a cornerstone of his 2024 campaign, which he said will be the basis for restoring the U.S. economy, claiming he claimed he had been revoked by other countries for decades.
With reciprocal tariffs, Trump is effectively blowing up rules about world trade.
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For decades, the United States and most other countries have complied with tariff rates set by a complex series of negotiations, known as the Uruguay Round. Countries can set their own tariffs, but under the “most popular country” approach, they cannot accuse one country of one country, but they accuse another.
With Saturday’s letter, Trump has now issued tariff conditions in 24 countries and the EU.
How will tariffs work under Kusma?
Earlier this week, Trump administration officials told CBC News that the 35% tariff threat from Canadian imports does not apply to goods compliant with the Canadian-US Mexico Agreement (CUSMA).
The president has issued a 35% tax on the Truth Society. The official said they are expected to apply for goods currently subject to 25% tariffs.
U.S. tariffs on potash and energy are expected to remain 10%. However, Trump did not make the final decision.
In an Oval Office meeting with Prime Minister Mark Carney, U.S. President Donald Trump accused the previous Trudeau administration of “trying to exploit” the Canadian-U.S. free trade agreement, saying the deal “is good for all countries” but will soon be renegotiated. Carney said the deal was the basis for a broader negotiation, and some of the things had to change.
The EU’s chief trade negotiator said earlier this week that a trade agreement could be reached “even in the coming days” to avoid tariffs on European goods imported to the United States.
Maroššefčovič told EU lawmakers in Strasbourg, France on Wednesday that the EU has exempted the tariffs added in the letters sent by Trump on Monday and that the extension of the talks will provide “extra room to reach a satisfactory conclusion”.
The group collectively sells more to the United States than in any other country. According to the Office of the U.S. Trade Representative, the U.S. imports from the EU exceeded $553 billion in the U.S. in 2022.
Learn more about Trump’s letter
On April 2, Trump proposed a 20% tariff on EU goods, and then threatened to raise it to 50% after negotiations were not as quick as he hoped. šefčovič did not mention any tariff figures.
Higher tariffs and any EU retaliation were suspended as both sides negotiated. However, most trading partners have a base rate of 10%, with steel and aluminum being higher, while steel and aluminum being 25%.
Douglas Holtz-Eakin, former director of the Budget Office of Congress and president of the Center-Right Forum on American Action, said Trump’s letter proved that no serious trade negotiations were held in the past three months. He stressed that countries are talking to each other about how to minimize their contact with the U.S. economy and Trump.
“They are taking the time to talk to each other about what the future looks like and we are being left out,” Holtz-Eakin said.
He added that Trump is using the letters to ask for attention, but, “ultimately, these are letters to other countries that indicate that he is taxing his citizens.”
