by New Trump tariffs for Mexico and the EU
US President Donald Trump has announced the introduction of new 30-percent tariffs on goods from Mexico and the European Union, starting August 1. This decision came after lengthy but fruitless negotiations. Trump stated that Mexico must more actively combat cartels and stop the flow of fentanyl into the US.
Initially, the EU faced a 20-percent tariff, which was later reduced to 10% for the negotiation period. However, an agreement was never reached, prompting Trump to take tougher measures. At the same time, he leaves the door open for new negotiations:
“If you are willing to open your market to the US and remove tariff barriers, we will consider possible changes,” Trump stated.
Mexico’s Reaction
The Mexican government called the new tariffs “unfair,” despite recent agreements to create a working group to address economic and migration issues. Economy Minister Marcelo Ebrard emphasized that the country is already cooperating with the US on border security matters.
These events are unfolding against the backdrop of Trump’s tense trade policy, which has affected almost all countries in the world. Although some tariffs were reduced during negotiations, the latest step indicates increased pressure on key trading partners. Mexico and the EU now have limited time to find compromises before the new restrictions take effect.
