Donald Trump announces 30% tariff on imports from EU

News Snapshot:

Donald Trump has announced he will impose a 30% tariff on imports from the European Union from 1 August. The tariffs could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the US. Mr Trump has also imposed a 30% tariff on goods from Mexico, according to a post from his Truth Social account. Announcing the moves in separate letters on the account, the president said the US trade deficit was a national security threat. In his letter to the EU, he wrote: "We have had years to discuss our trading...