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Trump says he will hit E.U. and Mexico with 30% tariff
While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.
The New York Sun5h
Trump Extends Tariff Binge to European Union and Mexico, Hitting Both With 30 Percent Rate From August 1
Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent
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.
Trump threatens 50% tariffs on Brazil if it doesn’t stop the Bolsonaro ‘witch hunt’ trial
US President Donald Trump on Wednesday threatened Brazil with a crippling tariff of 50% starting August 1, according to a letter he sent to the country’s president, Luiz Inácio Lula da Silva.
Trump fires off more than 20 letters to trade partners as tariff threats escalate
President Trump sent tariff letters to more than 20 countries urging them to reach trade deals with the U.S. by Aug. 1, further escalating threats to partners including Canada. Trump also announced a 50% tariff on copper imports.
US stocks drop to end week in red on Trump's tough tariff talk. Bitcoin rallies to record
US stocks close the day and week lower after Trump slaps Canada with a 35% tariff, escalating tensions. Bitcoin hit a new record high for a third day.
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