Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families
Video Credit: Oneindia - Duration: 03:11s - Published
Trump SLAMS Mexico And EU With SHOCK 30% Tariffs | $1,200 Trade War Burden Falls on U.S. Families
President Trump has announced sweeping 30% tariffs on imports from the European Union and Mexico, igniting fresh trade tensions.
Starting August 1, key sectors like auto parts, electronics, agriculture, and pharmaceuticals could see massive price hikes.
The EU had hoped for a trade deal, but escalating tariffs now threaten negotiations.
With over 60% of U.S. vegetables and 71% of drywall materials coming from Mexico, American households could see grocery and construction costs soarâup to $1,200 more annually.
Retaliatory tariffs from affected countries may soon follow.
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US to raise tariff rate on EU goods to 30% from 1 August, EU open to talks but ready to respond
The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures."
READ MORE : http://www.euronews.com/2025/07/12/trump-eu-goods-will-face-30-us-tariff-rate-starting-on-1-august
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