Trump targets Mexico, EU with tariffs of 30% starting August 1

U.S. President Donald Trump has announced a new series of tariffs targeting multiple trade partners, with implementation set to begin in August.

On Saturday he unveiled a 30% duty on imports from Mexico and the European Union starting August 1.

This follows the announcement the day earlier of 35% duties on imports of Canadian goods starting on the same date.

Trump also floated potential blanket tariffs ranging from 15% to 20% on most trading partners, exceeding the current 10% rate.

Mexican President Claudia Sheinbaum expressed optimism about reaching a resolution with the U.S., speaking during a clinic opening in Ensenada, Baja California.

The latest measures follow a week in which Trump sent letters to more than 20 trade partners, proposing tariffs between 20% and 40%, with Brazil facing a 50% levy amid domestic political considerations.

The European Union is now actively seeking to avoid these tariffs, with leaders indicating both a willingness to negotiate and preparation for countermeasures if negotiations fail. The EU trade commissioner stated Monday, "And therefore I think we have to do, and I will definitely do, everything I can to prevent this super-negative scenario."

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