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Trump Announces 30% Tariffs Against Mexico, EU to Begin on August 1
In a surprise move, President Trump announced yesterday that he will be imposing 30% tariffs on imports from Mexico and the European Union, effective August 1. The decision was made public through letters posted on his Truth Social account.
According to the letter to Mexican President Claudia Sheinbaum, Trump acknowledged Mexico’s efforts in helping to stem the flow of undocumented migrants and fentanyl into the United States. However, he expressed dissatisfaction with the country’s failure to prevent North America from becoming a “Narco-Trafficking Playground”.
The tariffs are set to begin on August 1 and will have significant economic implications for both Mexico and the European Union. The impact on international trade is likely to be substantial, and many experts predict that this move could lead to retaliatory measures by these countries.
As the news broke, a global backlash began to form in response to Trump’s announcement.
Source: www.cbsnews.com
