Trump Threatens 30% Tariffs on Two of the U.S.'s Largest Trading Partners
Trump said he would consider lowering the respective levies if the EU offers 'complete, open Market Access to the United States, with no Tariff being charged to us,' and if Mexico does more to combat drug cartels.
The new duties would replace the existing 10% levies on most goods from the EU, and the 25% levies on Mexican goods that don't comply with the North America trade agreement.
It is unclear if USMCA-compliant goods will remain exempt from the Mexico tariffs after Aug. 1, as the White House has said will be the case for Canada.
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