AP: Trump Announces 30% Tariffs on the EU and Mexico
AP reported on July 12 that U.S. President Donald Trump announced Saturday that he would impose 30% tariffs on the EU and Mexico, which was officially announced through a letter posted on his social media account. In his letter to the leader of Mexico, Trump acknowledged that the country has helped prevent undocumented immigrants and fentanyl from entering the United States, but criticized it for failing to effectively stop North America from becoming a "drug trafficking playground"; in his letter to the EU, he emphasized that the U.S. faces a "long-term, large and ongoing trade deficit," and stated that this deficit is caused by the EU's tariffs and non-tariff barriers, constituting a "threat to national security," while accusing bilateral relations of being "far from reciprocal." Trump said these new tariffs are a cornerstone policy of his 2024 campaign, aimed at revitalizing what he claims is an American economic foundation "taken away by other countries."
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