Trump Plans 30% Tariffs on EU, Mexico, Expanding Trade War

President Donald Trump announced a 30% tariff on imports from Mexico and the European Union effective August 1, escalating a trade war following unsuccessful negotiations. Trump justified the tariffs by citing a significant trade deficit with the EU and accusing Mexico of insufficient efforts to stop drug trafficking and illegal border crossings, calling Mexico a “narco-trafficking playground.” The EU and Mexico condemned the tariffs as unfair and economically damaging, with European leaders warning of retaliatory measures and emphasizing continued negotiation efforts. Mexican President Claudia Sheinbaum emphasized maintaining her country's sovereignty as non-negotiable while expressing confidence that an agreement can still be reached. The tariff dispute has strained diplomatic relations, prompting some U.S. allies to reconsider their economic and security ties with the United States. Despite international backlash, the tariffs are expected to generate substantial revenue for the U.S. government amid heightened global economic tensions.