Trump “30% tariffs on EU and Mexico from August”… Trade front expansion forecast

President Trump Confirmed Tariff Rates (Source: FT)

President Donald Trump of the United States announced that starting August 1st, a high tariff rate of 30% will be imposed on the European Union (EU) and Mexico. This statement was reported on the 12th (local time) through Walter Bloomberg.

This move is interpreted as further strengthening the recent trade pressure stance of the Trump administration. President Trump had previously announced high tariffs on eight countries including Brazil and the Philippines, and this announcement indicates an expansion of the trade front to North America and Europe.

Although the exact items or detailed criteria have not been disclosed, there is growing concern that this tariff imposition could significantly impact the global supply chain and economic cooperation between the two countries. The market is increasingly focused on the reactions and countermeasures from Europe and Mexico.