Trump Threatens 30% Tariffs on Two of the U.S.’s – Money News
The U.S. will charge 30% tariffs on items from each the European Union and Mexico, efficient Aug. 1, President Trump mentioned in letters posted on Truth Social over the weekend. Trump mentioned he would contemplate decreasing the respective levies if the EU gives “complete, open Market Access to the United States, with no Tariff being charged to us,” and if Mexico does more to fight drug cartels. It is unclear if USMCA-compliant items will stay exempt from the Mexico tariffs after Aug. 1, as the White House has mentioned might be the case for Canada.
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