The Lower Eastern Times Opening The Third Eye
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The European Union (EU) and Mexico have expressed concern over US President Donald Trump’s threat to impose a 30 percent tariff on imported goods starting August 1.
Mexico criticized what it called Trump’s “unfair deal” and insisted its autonomy was non-negotiable, while EU chief Ursula von der Leyen threatened to take “equivalent measures” if necessary. Both said they wanted to continue negotiations with the United States.
Trump has warned that he will impose even higher tariffs on imported goods if one of America’s trading partners decides to retaliate.
This week Trump also announced new tariffs on goods from Japan, South Korea, Canada and Brazil starting next month.
In a letter sent on Friday to European Commission President Ursula von der Leyen, Trump wrote: “We have spent years negotiating our trade relationship with the European Union, and we have concluded that we must overcome this long-standing, persistent trade deficit, caused by your tariffs, and non-tariffs, policies and trade barriers.”
“Our relationship has, unfortunately, been far from harmonious,” the letter added.
In his letters to the European Union and Mexico, Trump warned that if a trading partner retaliates with tariffs against the United States, it will be hit with tariffs of more than 30 percent.
