Trump slaps EU, Mexico with 30% tariffs

Trump’s new 30% tariff on EU and Mexico imports ignites trade war fears, catching markets off guard.

President Donald Trump has unveiled a new 30% tariff on imports from the European Union and Mexico, catching markets off guard and reigniting fears of a global trade war.

The tariff, set to take effect August 1, was announced via Trump’s social media, leaving EU officials scrambling, after holding out hope for a broader trade agreement with Washington.

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