Only 20 days left! Trump's 30% retaliatory tariff announcement is unfair and destructive, Mexico and the European Union say

 

 

Washington: US President Donald Trump has made a new announcement in the retaliatory tariff war. The US President has announced a 30% tariff against the European Union and Mexico. Trump stated on the social media platform Truth that the retaliatory tariff is being announced because negotiations have failed and that it will be implemented on August 1. Trump said that there are 20 days left for negotiations and that if agreements are reached within that time, it will benefit the European Union and Mexico. Mexico and the European Union have described Trump's new tariff announcement as unfair and destructive. Along with this, Mexico and the European Union have stated that they are ready for further negotiations with the United States.

US President Donald Trump announced that he would impose a 30% tariff on products imported from the European Union and Mexico from August 1, 2025. The announcement was made in letters posted on Trump's social media platform, Truth Social. He described the move as a failure of negotiations with the US's major trading partners. However, Trump's announcement has been criticized as escalating the global trade war. The European Union and Mexico have described the tariff as unfair and destructive. Experts warn that the tariff announcement will affect US-Europe and US-Mexico trade relations. There are assessments that Trump's policy will increase uncertainty in markets and put pressure on currencies such as the euro and Mexican peso. European Commission President Ursula von der Leyen said that the 30% tariff would disrupt transatlantic supply chains, which would harm consumers and businesses.