Overview

• President Trump used letters on Truth Social to impose 30% duties on imports from Mexico and the EU, effective August 1.
• The administration cited Mexico’s failure to halt fentanyl trafficking and long-standing trade imbalances with European partners as security and economic justifications.
• Tariff levels are tied to partner behavior, allowing upward or downward adjustments and mandating added duties if Mexico or the EU retaliate.
• Companies that relocate production or manufacturing to the United States will qualify for exemptions under an expedited approval process.
• Mexico has branded the measures unfair and entered emergency talks with U.S. officials, while EU leaders have warned of proportionate countermeasures as negotiations continue.