President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August.
He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.
The announcement was made in two letters posted on Trump’s Truth Social website. Similar letters were sent this week to several other countries.
The 27-member EU – America’s biggest trading partner – said earlier this week it hoped to agree a deal with Washington before 1 August.
In the letter to European Commission President Ursula von der Leyen, Trump wrote: “We have had years to discuss our trading relationship with the European Union, and have concluded that we must move away from these long-term-large, and persistent, trade deficits, engendered by your tariff, and non-tariff, policies and trade barriers.”
“Our relationship has been, unfortunately, far from reciprocal,” the letter added.
The EU has been a frequent target of Trump’s criticism, and in April Washington announced levies of 20% on European goods.
In 2024, the US trade deficit with the bloc was $235.6bn (€202bn; £174bn), according to the office of the US trade representative.
Von der Leyen said the EU remained ready “to continue working towards an agreement by Aug 1”.
“Few economies in the world match the European Union’s level of openness and adherence to fair trading practices,” her statement added.
“We will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required.”
Credit: Source link
