Trump's trade war escalates with 30% tariffs on EU, Mexico
Trump announced the tariffs on two of the United States' largest trade partners in letters posted to his social media account.
In his letter to Mexico's president, Claudia Sheinbaum, Trump acknowledged that the country has been helpful in stemming the flow of undocumented migrants and fentanyl into the United States.
But he said the country has not done enough to stop North America from turning into a 'Narco-Trafficking Playground'.
Donald Trump said Mexican President Claudia Sheinbaum's failure to curb fentanyl and migrant flows as a reason for imposing tarifs on the country. Photo: EPA-EFE
Trump, in his letter to the European Union, said that the US trade deficit was a national security threat.
'We have had years to discuss our trading relationship with the European Union, and we have concluded we must move away from these long-term, large, and persistent trade deficits, engendered by your tariff and non-tariff policies and barriers,' Trump wrote in the letter to the EU. 'Our relationship has been, unfortunately, far from reciprocal.'
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