President Trump announced on Saturday Start 1 AugustTargeting two top trading partners from America.
Trump posted separate letters on the truth social to Mexican President Claudia Shinbaum Pardo and European Commission Chairman Ursula von Der Leyen.
In Letter to Shinbaum PardoTrump cited the flow of Phantenile on the southern border, which was the original basis for one 25 percent tariff He imposed Mexican goods earlier this year.
The President wrote, “Mexico is helping me to secure the border, but what Mexico has done is not enough.”
The US had earlier imposed 25 percent tariff on Mexican goods, although later Trump Free product Covered under the 2020 trade agreement between the US, Canada and Mexico. It is not clear whether those discounts will still be applicable as August 1.
Letter to von deer leyen Business was focused on concerns. Trump has claimed in the past that the European Union is Is unfair for a long time For the US, more claimed that the block of nations “Screw” was built for the US.
The President wrote, “We have many years to discuss our business relations with the European Union, and they have concluded that we should go away from these long-term, large and frequent, business deficit, which is associated with your tariffs and non-tariffs, policies and business obstacles.”
US Census Bureau Statistics Shows that Mexico has been the top trading partner with the US so far this year. Members of the European Union like Germany, Italy, France and Netherlands were also among the top 15.
Trump is this week Posted letters Social media has been sent to more than a dozen countries who are trying to put standing tariffs on their imports. From 1 August. They are tariffs Set to the effect After the early stages of duties Unveiled in April Were Stopped for 90 days To allow time for conversation.
But America has done only one brokerage trade Agreement In that time announced the structure of deals with the United Kingdom China And Vietnam,
