President Donald Trump has announced 30 percent tariffs on imports from the European Union and Mexico, to go into effect on Aug. 1, a deadline that applies to a bevy of reciprocal tariffs that Trump said he’s imposing on many of America’s trading partners to address long-running trade imbalances and other factors.
In letters posted on social media on July 12, Trump said that the two trading partners had for years imposed various tariffs and non-tariff trade barriers on the United States and that the duties they now face seek to correct that imbalance.
