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Donald Trump has announced that he will impose a 30% tariff on imports from the European Union starting August 1.
Rates can make everything from French cheese and Italian skin goods to German electronics and Spanish drugs are more expensive in the US.
Trump has also adopted a 30% tariff of goods from Mexico, according to a post from his social account.
Announces steps in a separate letter posted on his account, the President said the US trade deficit is a national security threat.
In his letter to the EU, he wrote: “We have for years to discuss our trade relations with the European Union, and we have concluded that we must move from this long-term, large, and persistent trade deficit, which is caused by your tariffs, and your non-tariff, policy, and trade barriers.
“Unfortunately, our relationship is far from reciprocity.”
In his letter to Mexico, Trump said he did not think the country had done quite a lot to stop the US to turn into “playground traded by Narco”.
European Commission President, Ursula von der LeyenThe word EU can adopt “proportional countermeasures” if the US continues by imposing a 30%tariff.
MS von der Leyen, who heads the EU executive arm, said in a statement that the block remained ready “to continue working towards the agreement on August 1”.
“Some economies in the world are compatible with the level of openness and compliance of the European Union towards fair trade practices,” he added.
“We will take all the steps needed to protect the interests of the European Union, including proportional adoption if needed.”
‘Very concerning’
MS von der Leyen also said the tariff that impose an EU export will “disrupt the important transatlantic supply chain”.
Meanwhile, Dutch Prime Minister Dick Schoof said on the social media platform that Trump’s announcement was very alarming and not a way forward “.
He added: “The European Commission can rely on our full support. Because of the EU, we must remain united and firm in pursuing results with the United States that are mutually beneficial.”
The Mexican Ministry of Economy said the bilateral working group aims to achieve alternatives for 30% US tariffs before they apply.
The country was told by the US that they would receive a letter about tariffs, said the ministry’s statement, added that Mexico was negotiating.
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On called “Liberation Day” In April, Trump released the “reciprocal rate” in many American trading partners.
The US president said he targeted countries that have an imbalance of American trade.
However, since then he resigned in a rotating tit Tariffs with ChinaAnd Attacking the agreement with the British.
The US imposed a 20% tariff on imported goods from the EU in April but was later packed and since then the block has paid a 10% basic tariff for goods exported to the US.
In May, while the US and the European Union Where to hold trade negotiations, Trump threatened to impose a 50% tariff on the block because the talks did not develop as he wanted.
However, he then announced he postponed the imposition of the tariff while negotiations for trade agreements occurred.
Earlier this week, the EU executive commission, which handled trade issues for 27-members of the block, said its leaders still hoped to reach trade agreements with the Trump government.
Without one, the European Union said it was ready to reply with rates on hundreds of American products, ranging from beef and cars to beer and Boeing aircraft.
