Trump slaps 30% tariff on Mexico and EU
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The European Union said on Saturday it was ready to retaliate to defend its interests if the United States pressed ahead with imposing a 30% tariff on European goods from August 1. U.S. President Donald Trump latest salvo surprised the bloc,
The United States' decision to impose a 30% tariff on European Union goods from August 1 has drawn criticism from Dutch Prime Minister Dick Schoof. He and other officials urge unity within the EU to seek a mutually beneficial resolution,
The European Union is still hoping for a rough outline of a deal, even after President Trump talked about sending the bloc a letter outlining tariffs that would be imposed Aug. 1.
Investors awaited tariff news between the U.S. and European Union on Friday that could add a potentially volatile development to the end of a week in which President Donald Trump reignited his global trade war.
On Saturday morning, Trump posted letters to his Truth Social account outlining his plans to impose 30% tariffs on goods coming into the United States from Mexico and the European Union starting next month, leaving a short window for potential trade deals before that deadline.