Trump Announces 30% Tariff On Imports From Mexico, European Union4Photo© dnaindia.com

Trump Announces 30% Tariff On Imports From Mexico, European Union

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Donald Trump announced a 30% tariff on all goods imported from Mexico and the European Union, effective August 1, 2025. He cited Mexico's insufficient efforts to combat drug trafficking and persistent trade imbalances with the EU as justification. Trump suggested the tariffs could be avoided if companies relocate manufacturing to the United States, promising expedited approvals.