Donald Trump announces 30% tariffs on goods from the EU and Mexico

News Snapshot:

Donald Trump announced on Saturday that goods imported from both the European Union and Mexico will face a 30% US tariff rate starting 1 August, in letters posted to his social media platform, Truth Social. In his letter to Mexico’s leader, Trump acknowledged that the country has been helpful in stemming the flow of undocumented migrants and fentanyl into the United States. But he said the country has not done enough to stop North America from turning into a “Narco-Trafficking Playground”. “We have had years to discuss our Trading Relationship with The European Union, and we have concluded we must...