Us Traffic : Trump announces 30% duties for EU & Mexico, cites fentanyl crises & trade deficits as the reason.

US President Donald Trump announced on Saturday that starting August 1, 2025, goods imported from both Mexico and the European Union will be subject to a 30% tariff.
The letters, posted on his social media platform, cite drug trafficking concerns in Mexico and long-standing trade imbalances with the EU as reasons for the sweeping measures.
Days earlier, Trump had intensified global trade tensions by issuing tariff warning letters to over 20 nations, cautioning that elevated import duties will come into effect from August 1, 2025, unless new bilateral trade agreements are secured.
These nations included Japan, South Korea, and South Africa of potential tariffs ranging between 25% and 40%.
TIMES OF INDIA: Later he expanded the list by sending letters to eight additional countries, announcing new tariff rates: Brazil (50%), the Philippines (20%), Brunei (25%), Moldova (25%), Algeria (30%), Libya (30%), Iraq (30%), and Sri Lanka (30%).

Mexico tariffs: 'Not enough' done to stop cartels

European Commission President Ursula von der Leyen and Mexican officials have both hit back at US President Donald Trump's latest threat to impose 30% tariffs on their exports starting August 1.

EU 'ready to continue working'
European Commission chief Ursula von der Leyen sharply criticised the proposed US tariffs, warning they would “disrupt essential transatlantic supply chains, to the detriment of businesses, consumers and patients on both sides of the Atlantic.” She reaffirmed the EU’s preference for a negotiated settlement, saying, “We remain ready to continue working towards an agreement by August 1.”