Trump Imposes 30% Tariffs on EU, Mexico Imports

US President Donald Trump has announced a 30% tariff on imports from the European Union and Mexico, effective August 1, 2025, citing persistent trade deficits and national security concerns. The tariffs apply to a broad range of products and are in addition to existing penalties on steel, aluminum, and autos. EU and Mexican officials have condemned the tariffs as unfair and disruptive, urging further negotiations and warning of possible retaliation if talks collapse. European Commission President Ursula von der Leyen and French President Emmanuel Macron have called for unity and more negotiation time, while Mexico has labeled the tariffs unjust. The move has heightened fears of a wider global trade war, prompting Brazil and other countries to consider potential retaliatory steps. The tariffs may slow global trade, with possible negative effects on prices, jobs, and economic growth.