Trump tariffs: Goods from Mexico, European Union to face 30% rate from August 1

US President Donald Trump on Saturday said that goods imported from Mexico and the European Union will face a 30 per cent tariff rate starting August 1. He made the announcement through a letter posted on Truth Social, a social media platform. Trump announced the tariffs on two of the United States’ biggest trade partners. 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…