President Trump announced on Saturday that it was 30% tariff against Mexico and the European Union. They should start on August 1.
He announced the prices on two of the largest trade partners in the United States in letters published on this social account of truth.
In his letter To Mexican president Claudia Sheinbaum, Trump recognized that the country had contributed to stem the flow of undocumented migrants and fentanyl in the United States, but he said that the country had not done enough to prevent North America from turning into “narco-transficking playground”.
In his Letter to the European UnionTrump said the relationship between the block and the United States was “far from reciprocal”.
“We have had years to discuss our trade relations with the European Union and have concluded that we have to move away from these long-term, important and persistent trade deficits, generated by your price and non-runner, political and trade barriers,” he wrote.
Trump is in an announcement of new prices with allies and enemies, a foundation of his campaign in 2024 which, according to him, would put the foundations for the revival of an American economy which, according to him, has been uprooted by other nations for decades.
With reciprocal prices, Trump effectively explodes the rules governing world trade. For decades, the United States and most other countries respected by price rates take place through a series of complex negotiations known as Round Uruguay. Countries could define their own prices – but as part of the “most favored” approach, they could not charge a country more than that they loaded another.
With the letters on Saturday, Trump has now published pricing conditions on 24 countries and the European Union of 27 members.
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