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Trump Imposes 30% Tariff on Mexico and EU, Sparking Global Trade Tensions

Tariffs to take effect August 1 after negotiations collapse

WASHINGTON – US President Donald Trump has announced a 30% tariff on imports from Mexico and the European Union. The new tariffs take effect on August 1. The move follows weeks of failed trade talks with both allies. Trump shared the decision in letters posted on Truth Social on Saturday.

These tariffs add to others Trump imposed earlier this week. Countries like Japan, South Korea, Canada, and Brazil are now facing new duties. He also imposed a 50% tariff on imported copper.

US Treasury data shows customs duties have already generated more than $100 billion this fiscal year. That number is expected to rise with Trump’s new measures.

Mexico Calls Tariffs “Unfair”

Mexico reacted strongly, calling the tariffs “an unfair deal.” Its economy and foreign ministries issued a joint statement. Officials said they were informed of the move during Friday’s trade talks in the US.

“We mentioned at the table that it was an unfair deal and that we did not agree,” the statement said.

The tariffs could hit Mexican industries hard. Automotive and agriculture sectors are especially vulnerable, as they depend on US markets. With less than three weeks before the new rules begin, businesses on both sides now face rising uncertainty.

EU Voices Frustration

European leaders also criticized the move. European Council President Antonio Costa said the EU remains committed to fair trade with the US.

“The EU will continue to build strong trade partnerships worldwide,” Costa said. “Free and fair trade drives prosperity, creates jobs, and strengthens supply chains.”

The EU had hoped to reach a broad trade deal, including zero tariffs on industrial goods. But months of tense talks brought little progress. Now, EU officials may settle for a smaller deal while continuing negotiations.

The 27-member bloc is also split. Germany wants a quick agreement to protect its export-heavy economy. France and others urge caution, saying the EU shouldn’t accept a one-sided deal on US terms.

Trump’s return to the White House has brought a surge in trade actions. His administration argues the tariffs will boost US revenue and protect American jobs.

The aggressive moves have already added tens of billions to government revenue. But critics warn they risk damaging global trade and key alliances.

With the August 1 deadline nearing, world leaders are watching closely. A last-minute breakthrough may still be possible — but time is running out.

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