EU and Mexico To Face 30% Tariff From August Says President Trump

President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August.

He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.

The 27-member EU said earlier this week it hoped to agree a deal with Washington before 1 August.

Trump has this week also said the US will impose new tariffs on goods from Japan, South Korea, Canada and Brazil, also starting from 1 August. Similar letters were sent this week to a number of smaller US trade partners.

In the letter sent on Friday to European Commission President Ursula von der Leyen, Trump wrote: “We have had years to discuss our trading relationship with the European Union, and have concluded that we must move away from these long-term-large, and persistent, trade deficits, engendered by your tariff, and non-tariff, policies and trade barriers.”

“Our relationship has been, unfortunately, far from reciprocal,” the letter added.