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International Business Times
International Business Times
World

Trump Says Mexico, EU To Face 30% Tariff From Aug 1

Since returning to the presidency in January, Donald Trump has unleashed sweeping tariffs on allies and competitors alike (Credit: AFP)

President Donald Trump on Saturday said major US trading partners Mexico and the European Union would face a 30 percent tariff starting next month, ramping up pressure for deals in his trade wars.

Both sets of duties would take effect August 1, Trump said in separate letters posted to his Truth Social platform, citing Mexico's role in illicit drugs flowing into the United States and a trade imbalance with the EU respectively.

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