Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
President Donald Trump has announced that the European Union and Mexico will face 30% of the US import tariff on August 1.
He warned that he would impose even higher import taxes if any of the US trading partners decided to avenge.
The 27 -member EU – the largest trading partner in America – said he hoped to agree with Washington by August 1 this week.
This week, Trump also said the United States will put new tariffs for goods from Japan, South Korea, Canada and Brazil, which also start on August 1. Similar letters were sent to a number of smaller US trading partners this week.
In a letter sent to the President of the European Commission Ursul von der Leyen on Friday, Trump wrote: “We had years to discuss our trade relations with the European Union, and concluded that we should leave these long -term large and sustainable trade deficits that are carried out by your tariff.”
“Unfortunately, our relationship was far from mutual,” the letter added.
The EU was a frequent purpose of Trump’s criticism. On April 2, he offered a 20% tariff for the goods from the block, and then threatened to raise it up to 50% when the trade talks are mad.
Washington and Brussels hoped to reach an agreement by July 9, but there was no progress.
In 2024, the US trading deficit with the block amounted to $ 235.6 billion (€ 202 billion; £ 174 billion), the US trade representative reports.
Von der Leyen said the EU remains ready to “continue to work on the agreement until August 1”.
“Few economies in the world are in line with the level of openness and preservation of the European Union with the practice of fair trade,” her statement added.
“We will take all the necessary measures to provide EU interests, including the adoption of proportional countermeasures, if necessary.”
In his letter to the head of Mexico, Trump said the country did not make enough to stop North America become a “traded traded”.
“Mexico helps me secure the border, but what Mexico has made is not enough,” Trump added.
Mexico responded to Trump’s threat on Saturday, calling it an “unfair deal”.