The United States will start charging 30% tariffs on August 1 on products coming into the country from the European Union and Mexico, President Donald Trump confirmed in separate letters Saturday.
July 12 The United States will start charging 30% tariffs on August 1 on products coming into the country from the European Union and Mexico, President Donald Trump confirmed on Saturday.
Trump confirmed the tariffs separately in letters to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum Pardo, which were both posted on Truth Social.
«The United States of America has agreed to continue working with the European Union, despite having one of our largest trade deficits with you», Trump wrote in the letter, which referred to the trade deficit as a matter of national security.
Trump addressed the possibility of retaliation in both letters.
«If for any reason you decide to raise your Tariffs and retaliate, then, whatever the number you choose to raise them by, will be added onto the 30% that we charge», Trump wrote to both von der Leyen and Sheinbaum Pardo.
In the letter to the EU, Trump cited the need to «move away from these long-term, large, and persistent, Trade Deficits, endangered by your Tariff, and Non-Tariff, Policies and Trade Barriers.»
Trump also indicated the 30% figure would not level the playing field entirely.
