President Donald Trump said on Saturday that the USA will impose a 30% tariff on goods from the European Union and Mexico, which will be effective on August 1st.
Trump revealed the new prizes in letters to the President of the European Commission, Ursula von der Leyen and the President of Mexico, Claudia Sheinbaum, which he published on his social media website truth.
“Mexico helped me to secure the border, but what Mexico did is not enough,” Trump wrote to Sheinbaum.
Trump said that there would be no tariffs for goods from the EU if the 27-person block “or companies within the EU decide to build or manufacture products[s] Within the United States, “he wrote.
He said that the EU or Mexico returns with higher tariffs: “Then the number to increase it is added to the 30% that we calculate.”
The EU was looking for at least one preliminary agreement that would save it to become the youngest recipient of a letter from Trump in which a new tariff with a new, renowned tariff was dictated to the USA at its exports
However, Trump still received a letter in which new tariffs were threatened, although both sides recently signaled progress in their negotiations after Trump had withdrawn a threat to put 50% tariffs on the block.
Together, the EU sells more to the United States than every single country: According to the US trade representative, the overall goods imports from the EU exceeded 553 billion dollars in 2022.
According to the US trade representative, the US imports from Mexico in 2022 in the amount of around 454.8 billion dollars amounted to a total of around 454.8 billion.
The two trading partners together have about a third of US imports.
“30 percent tariffs on EU exports would disturb the essential transatlantic supply chains to the detriment of companies, consumers and patients on both sides of the Atlantic,” said von der Leyen in a statement.
She said the EU remains “ready to continue working on an agreement by August 1.”
“At the same time, we will take all the necessary steps to protect the EU interests, including the assumption of an appropriate countermeasure, if necessary.”
In a statement on Saturday, the Mexican government said that a delegation on Friday was hit by US trade officers “to establish the constant binational working group that deals with the main problems in the relationship”.
At the session, they were informed that according to the explanation, they would receive new tariffs that would begin on August 1st.
“We said at the meeting that this was unfair treatment and that we did not agree,” the explanation said.
“It is very important that from July 11th we have set the necessary path and the forum to make the possibility to be effective on August 1st,” continued the explanation.
Trump sent similar letters to 23 other US trading partners this week, including Canada, Japan and Brazil, with collective bargaining prices from 20% to 50%.
The letters mainly frame the new tariff levels as a necessary part of the efforts of the Trump government to quickly build a “more mutual” global trade landscape.
Trump had tried to do this with his “liberation day” tariff on April 2 when he imposed an almost global tariff of 10% and scored higher tasks for imports from almost 60 individual countries.
The announcement prompted the days of frenzied sale in the global markets. A week later, Trump took a break for 90 days on almost all higher tariffs.
His trade officers proposed that the United States could increase up to 90 new trade agreements during this interval. When the break was to run on Wednesday, the government had only concluded preliminary agreements with the United Kingdom and Vietnam.
Finance Minister Scott Bessent said on Saturday that the British trading team “intelligently completed an early deal”.
“Let this be an apprenticeship for other countries – serious, good negotiations can lead to performance -enhancing results that benefit both sides of the table, while the imbalances that are plagued by global trade,” wrote Besser about X.
The trade agreement includes a ceiling of 10% delivery of British goods imported in the USA that have been imported
Trump expanded his tariff break until August 1 on Monday.
Trump announced NBC News On Thursday that he was planning to improve his global tariff baseline rate of up to 20%.
“We will only say that all remaining countries will pay, be it 20% or 15%. We will now work out,” said Trump.
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