Trump announces 30% tariffs on Mexico, EU
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President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1.
In the wake of new tariffs, the San Diego Regional Chamber of Commerce announced Monday that its senior leadership met with U.S. Ambassador to Mexico Ronald Johnson and emphasized the importance of a stable trade relationship between Mexico and the United States.
Mexico did not face a new tariff on April 2, the day of Trump's so-called "Liberation Day" tariff rollout. There remains a 25% tariff on non-USMCA-compliant goods from Canada and Mexico, as well as a 50% tariff on steel, aluminum and derivative products.
"It’s all going to be the same for everyone," the president told reporters of the U.S. duty those countries will face.
President Donald Trump says he plans to place tariffs of over 10% on smaller countries, including nations in Africa and the Caribbean
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Sourcing Journal on MSNThese Retailers Are Raising Prices Because of Trump's TariffsThe Trump administration's tariffs are already making their mark at the checkout line. These are the companies that have said prices are heading higher.