President Donald Trump will slap a 30% tariff on all imports from Mexico and the European Union beginning Aug. 1, he announced on his Truth Social account on July 12.
In letters to Mexican President Claudia Sheinbaum and European Commission President Ursula Von der Leyen, Trump wrote that the two leaders had not done enough to prevent fentanyl from entering the U.S. and to end trade deficits with the U.S., respectively.
"Mexico has been helping me secure the border. BUT, what Mexico has done, is not enough," he wrote in the letter to Sheinbaum.
In recent days, Trump has slapped tariffs of at least 20% set to begin Aug. 1 on two dozen countries, not including the European Union. On July 9, he sent letters announcing the imminent tariffs to Libya, Iraq, the Philippines, and four other countries. Another batch of letters to 14 countries, including South Africa, Malaysia, and Laos went out two days earlier.
Donald Trump’s strategy of imposing sweeping tariffs on America’s main trading partners will face a major...
