Trump intensifies trade war with 30pc tariffs on EU and Mexico – World

The president of the United States, Donald Trump, imposed on Saturday a 30 percent tariff on the imports of Mexico and the European Union that began on August 1 after weeks of negotiations with the key commercial allies failed to reach a more comprehensive commercial agreement.

The new tariffs were announced in separate letters published in Truth Social on Saturday.

Earlier this week, Trump issued new tariff ads for several countries, including Japan, South Korea, Canada and Brazil, as well as a 50 percent rate on copper.

The EU hoped to reach a comprehensive commercial agreement with the United States for the block of 27 countries.

He had been preparing the Trump letter that described his duties planned in the largest commercial partner and investment in the United States after an extension of his tariff war in recent days.

Initially, the EU hoped to achieve a comprehensive commercial agreement, including zero rates for zero on industrial goods, but months of difficult conversations have led to the understanding that you will probably have to settle for an interim agreement and expect something better to be negotiated.

The block of 27 countries is under contradictory pressures, since the powerful Germany urged a quick agreement to safeguard its industry, while other EU members, such as France, have said that EU negotiators should not yield in a unilateral agreement in terms of the US.

The Trump Rate orders waterfall since he returned to the White House has begun to generate tens of billions of dollars a month in new income for the United States government. The income from customs duties of the USA.

EU warns about ‘countermeasures’, Italy to stay focused on commercial conversations

The EU is prepared to take the necessary measures to safeguard their interests if the United States proceeds with the 30PC tariff on European goods, said the president of the European Commission, Ursula von der Leyen.

Von der Leyen, who runs the EU executive arm, said in a statement that the block remained ready “to continue working towards an agreement before August 1”.

“Few economies in the world coincide with the level of opening and adhesion of the European Union with fair commercial practices,” he continued. “We will take all the necessary measures to safeguard the interests of the EU, including the adoption of proportional countermeasures if necessary.”

Meanwhile, Italian Prime Minister Giorgia Meloni said in a statement from his office that it is crucial to stay focused on commercial negotiations with the United States and avoid greater polarization.

Meloni trusted that a “fair agreement” could be reached on tariffs between the European Union and the United States, the statement added.

“Rome fully supports the efforts of the European Commission,” said Prime Minister’s office.



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