U.S. President Donald Trump has announced a new round of tariffs targeting two of the country’s largest trading partners—the European Union and Mexico.
On Saturday, Trump declared that both regions will face 30% levies on their exports to the United States, set to take effect on August 1st.
The announcement has stirred reactions globally, as trade tensions continue to rise. Many are concerned about the potential impact on international trade and the global economy.
Businesses and consumers in the U.S. and abroad may feel the effects of these tariffs, which could lead to higher prices and strained diplomatic relations.
As the August deadline approaches, global markets are watching closely to see how this development unfolds.
