Trump announces 30% tariffs on Mexico, EU
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President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
Businesses typically pass tariff costs onto consumers through higher prices. Sometimes, that process is less subtle.
Economists and investors are left guessing by President Donald Trump’s tariff agenda as he grants extensions then threatens higher tariffs in letters to trading partners. It remains to be
President Donald Trump's second-term economic plan can be summed up in one word: tariffs. As he unleashed a barrage of those import taxes, markets trembled and business leaders sounded alarms about the economic damage they would cause.
President Trump is again amping up his trade threats, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August. The highlight of his letter barrage late Wednesday was his announcement of a coming 50% tariff on goods from Brazil in a letter sent to its president,
Trump has sent letters to 22 countries warning of incoming tariff rates, according to his social media posts, including 50 percent taxes on Brazilian imports and 35 percent on Canadian goods. The letters follow the administration’s insistence that the president was making “90 deals in 90 days” beginning in April.
The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.