Trump hits EU, Mexico with 30 per cent tariffs

President Donald Trump has threatened to impose a 30 per cent tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the key US allies and top trading partners failed to reach a comprehensive trade deal. In an escalation of Trump’s trade war, the fresh tariffs were announced in separate letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum posted on Truth Social on Saturday. The European Union and Mexico are among the largest US trading partners. Trump has sent similar letters to 23 other US trading…