Particle.news
Download on the App Store
37 ARTICLES
·
2w ago

Trump Threatens 30% Tariffs on EU and Mexico, Pressing for Trade Concessions by August 1

European Commission President Ursula von der Leyen has delayed reprisals to buy time for talks before the Aug. 1 deadline.

FILE - European Commissioner for Trade and Economic Security Maros Sefcovic, right, speaks with European Commission President Ursula von der Leyen, during the weekly meeting of the College of Commissioners at EU headquarters in Brussels, April 9, 2025. (AP Photo/Omar Havana, File)
Container ships are seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. Picture taken with a drone. REUTERS/Fabian Bimmer/File Photo
European Commission President Ursula von der Leyen looks on during a joint news conference with Canadian Prime Minister Mark Carney and European Council President Antonio Costa, during an EU-Canada summit in Brussels, Belgium June 23, 2025. REUTERS/Gonzalo Fuentes/File Photo

Overview

  • On July 12, President Donald Trump posted letters on his Truth Social platform warning that 30% tariffs on EU and Mexican imports will take effect on August 1 without new trade agreements.
  • The European Commission extended its suspension of planned retaliatory tariffs until early August to keep negotiation channels open.
  • Ursula von der Leyen emphasized the EU’s preference for a negotiated settlement and pledged to keep proportional countermeasures in reserve.
  • French President Emmanuel Macron urged the bloc to prepare credible reprisals while Germany’s Juergen Hardt expressed confidence in securing at least a partial deal before the deadline.
  • Global stock indices showed muted movements as analysts characterized Trump’s tariff salvo as an “escalate-to-de-escalate” tactic and investors eye upcoming EU-US negotiations.