Overview

• President Donald Trump announced 30% duties on all EU and Mexican imports effective August 1, citing a persistent U.S. trade deficit with Brussels and Mexico’s role in fentanyl trafficking.
• Trump warned on Truth Social that any retaliatory tariffs by the EU would be added on top of the 30% levy and informed about 20 other trading partners of new 20–40% rates (50% for Brazil) if no bilateral agreement is reached.
• European Commission President Ursula von der Leyen said the 30% rate would disrupt essential transatlantic supply chains and affirmed the EU’s readiness to negotiate an accord by August 1 while preparing proportionate countermeasures.
• Mexico’s government condemned the tariff hike from 25% to 30% as unfair treatment and is considering its own retaliatory duties ahead of the deadline.
• Under Trump’s broader reciprocal tariffs strategy, roughly 60 nations face at least a 10% duty floor, with Canada slated for a 35% rate and others awaiting formal notification of their new rates.