Trump Announces 30% Tariffs On EU And Mexico
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The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.
The United States will start charging 30% tariffs on August 1 on products coming into the country from the European Union, President Donald Trump confirmed Saturday.
By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European shares closed lower on Friday, as losses in banks and healthcare stocks weighed at the end of a week marred by U.S. President Donald Trump's tariff announcements,
In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."