trump-announces-30-pc-tariffs-on-mexico-eu

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Trump announces 30 pc tariffs on Mexico, EU

The hiked tariffs will be effective August 1, said the US President on Saturday

News Arena Network - Washington D.C. - UPDATED: July 12, 2025, 07:14 PM - 2 min read

File photo of US President Donald Trump, who has been on a tariff-levy spree since he came to office for the second term in January this year

US President Donald Trump announced on his social media platform, Truth Social, on Saturday that both the European Union (EU) and Mexico will face 30 per cent tariffs on their goods exported to the US from August 1.

The EU had hoped to reach a comprehensive trade agreement with the US for the 27-country bloc.

Also Read: India in talks with US for tariffs below 20 pc in interim deal

The new tariff announcements follow the US President’s tariff-hike letters sent to a number of countries earlier this week, including Japan, South Korea, Canada and Brazil, as well as a 50 per cent tariff on copper.

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trump-announces-30-pc-tariffs-on-mexico-eu