July 12th 2025.
After much deliberation, President Donald Trump announced on Saturday that the United States will be imposing tariffs of 30 per cent on both the European Union and Mexico. This news was revealed through letters posted on the president's social media account, making it clear that these two countries, which are among the US's top trade partners, will be facing increased taxes on their imports.
In the letter addressed to Mexico's leader, Trump acknowledged the country's efforts in reducing the number of undocumented migrants and fentanyl entering the US. However, he stated that these measures were not enough to prevent North America from becoming a "Narco-Trafficking Playground." This highlights the president's concern over the illegal drug trade and the impact it has on the country's safety.
In a separate letter to the European Union, Trump emphasized that the US trade deficit with the bloc was a major national security threat. He also pointed out that there have been ongoing discussions regarding their trading relationship, but it has become clear that the US must distance itself from the high and persistent trade deficits caused by the EU's tariff and non-tariff policies, as well as their trade barriers. This decision was made keeping in mind the best interests of the United States and its economy.
It is evident that President Trump is taking a strong stance on trade issues, showcasing his determination to protect the country's economy and national security. These tariffs will undoubtedly have a significant impact on the trade relationships between the US, the European Union, and Mexico. As the situation continues to unfold, it remains to be seen how these countries will respond and what the future holds for their trade agreements.
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