New York, July 12 -- U.S. President Donald Trump announced Saturday morning that 30 percent tariffs will be imposed on the European Union (EU) and Mexico as of Aug. 1.
The new tariffs were announced in the letters addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum and posted on Trump's social media platform Truth Social.
Trump criticized Mexico for its "failure to stop the cartels" from smuggling drugs, including fentanyl, into the United States, and accused the country of not doing enough to cooperate with Washington in curbing illegal immigration.
In the case of the EU, the U.S. president scolded the bloc for its tariff and non-tariff barriers, which he blamed for causing "long-te...