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US Secretary of State Marco Rubio, President Donald Trump and Defense Minister Pete Hegseth at a cabinet meeting at the White House on 8 July. (Left to right)
US President Donald Trump has announced a 30% tariff on Mexico and European Union. He said that from August 1, tariffs will be applicable from these two countries on goods coming to America. He informed about this step on his ‘Truth Social’ platform.
Trump also threatened the two that if they retaliate, the tariff rate would be further increased.
Trump clearly wrote in the letter-
If you retaliate and increase the tariff, then I will add them to our 30% as percentage they are.
This is the same kind of letter that Trump has sent to many business partners of the world, which talks about putting heavy tariffs on foreign goods coming in America.
Negotiations were going on for 6 months on tariff
The European Union and Mexico were talking to the US for the last 6 months over the tariff. But Trump’s decision has made it clear that the deal could not be reached between him.
The European Union is the third largest economy in the world. It consists of 27 countries in Europe. The US, European Union has a trade of about $ 3.5 billion every day. At the same time, Mexico is the largest trading partner in America.
The news is being updated …
