Trump announces 30% tariffs on EU and Mexico, starting Aug. 1

President Donald Trump said Saturday the U.S. volition enforce a 30% tariff connected goods from the European Union and Mexico that volition instrumentality effect connected Aug. 1.

Trump revealed the caller rates successful letters to European Commission President Ursula von der Leyen and Mexico's President Claudia Sheinbaum, which helium posted connected his societal media tract Truth Social.

"Mexico has been helping maine unafraid the border, BUT, what Mexico has done, is not enough," Trump wrote to Sheinbaum.

Trump said that determination volition not beryllium tariffs connected goods from the EU if the 27-member bloc "or companies wrong the EU, determine to physique oregon manufacture product[s] wrong the United States," helium wrote.

He said that if the EU oregon Mexico retaliates with higher tariffs, "then, immoderate the fig you take to rise them by, volition beryllium added connected to the 30% that we charge."

The EU was seeking astatine slightest a preliminary statement that would spare it from becoming the latest recipient of a missive from Trump dictating a new, across-the-board tariff connected its exports to the U.S.

However, it inactive received a missive from Trump threatening caller tariffs, contempt some sides having precocious signaled advancement successful their negotiations aft Trump backed disconnected a menace to slap 50% tariffs connected the bloc.

The EU collectively sells much to the U.S. than immoderate azygous country: Total U.S. goods imports from the EU topped $553 cardinal successful 2022, according to the Office of the U.S. Trade Representative.

Total U.S. imports from Mexico were astir $454.8 cardinal successful 2022, according to the U.S. Trade Representative.

The 2 trading partners combined marque up astir one-third of U.S. imports.

"Imposing 30 percent tariffs connected EU exports would disrupt indispensable transatlantic proviso chains, to the detriment of businesses, consumers and patients connected some sides of the Atlantic," von der Leyen said successful a statement.

She said the EU remains "ready to proceed moving towards an statement by August 1."

"At the aforesaid time, we volition instrumentality each indispensable steps to safeguard EU interests, including the adoption of proportionate countermeasures if required."

The Mexican authorities said successful a Saturday statement that a delegation met Friday with U.S. commercialized officials "to found the imperishable binational moving radical that volition code the main issues successful the relationship."

They were informed astatine the gathering that they would person caller tariffs that would statesman Aug. 1, according to the statement.

"We stated astatine the gathering that this was unfair attraction and that we disagreed," the connection said.

"It is precise important that starting July 11, we established the indispensable pathway and forum to resoluteness immoderate anticipation of caller tariffs taking effect connected August 1," the connection continued.

Trump has sent similar letters to 23 different U.S. trading partners this week, including Canada, Japan and Brazil, mounting broad tariff rates ranging from 20% up to 50%.

The letters mostly framework the caller tariff levels arsenic a indispensable portion of the Trump administration's efforts to rapidly found a much "reciprocal" planetary commercialized landscape.

Trump had attempted to bash that successful 1 fell swoop with his "liberation day" tariff announcement connected April 2, erstwhile helium imposed a astir planetary 10% tariff and slapped higher duties connected imports from astir 60 idiosyncratic countries.

The announcement prompted days of frenzied selling successful planetary markets. Trump enactment a 90-day intermission connected astir each of the higher tariffs a week later.

His commercialized officials suggested that the U.S. could onslaught arsenic galore arsenic 90 caller commercialized deals during that interval. But by the clip the intermission was acceptable to expire connected Wednesday, the medication had lone hashed retired preliminary agreements with the United Kingdom and Vietnam.

Treasury Secretary Scott Bessent connected Saturday said the UK commercialized squad "smartly secured an aboriginal deal."

"Let this beryllium a acquisition to different countries — earnest, bully religion negotiations tin nutrient almighty results that payment some sides of the table, portion correcting the imbalances that plague planetary trade," Bessent wrote connected X.

The commercialized deal includes a broad 10% levy connected U.K. goods imported into the U.S.

Trump connected Monday extended his tariff intermission until Aug. 1. The tariff rates helium acceptable successful his caller spate of letters are each scheduled to footwear successful connected the aforesaid day.

Trump told NBC News connected Thursday that helium plans to ratchet up his planetary tariff baseline complaint arsenic precocious arsenic 20%.

"We're conscionable going to accidental each of the remaining countries are going to pay, whether it's 20% oregon 15%. We'll enactment that retired now," Trump said.