Trump says Mexico, EU to face 30% tariff from Aug 1
The duties are higher than the 25% levy Trump imposed on Mexican goods earlier this year, although products entering the US under the US-Mexico-Canada Agreement are exempted. Canada earlier received a similar letter setting out 35% tariffs on its goods. The EU tariff is also markedly steeper than the 20% levy Trump unveiled in April, as negotiations with the bloc continue.
The EU, alongside dozens of other economies, had been set to see its US tariff level increase from a baseline of 10% on Wednesday, but Trump pushed back the deadline to August 1 just days before the elevated rates were due to take effect. Since the start of the week, Trump has sent out letters to more than 20 countries with updated tariffs for each.
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