Trump slaps 30% tariffs in Mexico and EU World Trade Shock before August 1 deadline | N18g
US President Donald Trump announced that from August 1, 2025, a 30% tariff will be imposed on all goods imported from Mexico and the European Union. Trump has accused Mexico of failing to stop the flow of fentanyl and other drugs of not doing enough to fight drug cartels. He also criticized the EU for its permanent trade deficit and protectionist policies, calling for more balanced trade. In addition to Mexico and the EU, Trump has sent tariff warnings to more than 20 countries, including Japan, South Korea and Brazil, threatening obligations ranging from 20% to 50% unless a new trade agreement was reached. Trump has stressed that companies in these regions can avoid tariffs by relocating manufacturing to the US, and has pledged prompt approval. The announcement sparked concerns about rising costs and economic disruptions in Mexico, but EU officials accused tariffs of unfairness and pledged to continue negotiations before the August deadline.
