
US tariffs: Trump announces 30% duties for EU and Mexico; cites fentanyl crisis and trade deficits as the reason
US President Donald Trump announced on Saturday that starting August 1, 2025, goods imported from both Mexico and the European Union will be subject to a 30% tariff. The letters, posted on his social media platform, cite drug trafficking concerns in Mexico and long-standing trade imbalances with the EU as reasons for the sweeping measures….