Trump says that prices of 30% against the EU and Mexico start on August 1 | Commercial and economic news

This marks an increase of 5% and 10% on Mexican and European products respectively.

The President of the United States, Donald Trump, imposed a price of 30% on imports from Mexico and the European Union from August 1, weeks after negotiations with the main business partners did not conclude a more complete trade agreement.

Trump, who announced the new prices on two of the largest trade partners in the United States in distinct letters published on his Truth social platform on Saturday, said they were due to what he said to be the role of Mexico in undocumented migration and illicit drugs that flowed in the United States and a commercial imbalance with the EU, respectively.

Earlier this week, Trump has published new price announcements for more than 20 countries, including Japan, South Korea, Canada and Brazil, as well as for A 50% price on copper.

Tasks are higher than the 25% levy than Trump imposed on Mexican products earlier this year-although products entering the United States under the American-mexico-Canadian agreement are exempt.

The EU price is also much more serious than the 20% tax that Trump unveiled in April.

In response, the president of the European Commission, Ursula von der Leyen, said that the EU was ready to take the necessary measures to protect her interests, “including the adoption of proportional countermeasures if necessary.”

Von der Leyen said in a statement that the block remained ready “to continue working towards an agreement by August 1”.

Three other EU officials told the reuters news agency that Trump’s threat to an EU price was a negotiation tactic.

The EU, alongside dozens of other savings, had been determined to see its American price level increase compared to a basic line of 10% on Wednesday, but Trump pushed the deadline until August 1 only a few days before the high rates took effect.

The block of 27 countries undergoes contradictory pressures while the power of Germany has urged a rapid agreement to protect its industry, while other EU members, such as France, said that EU negotiators should not be caught in a unilateral agreement which only benefits in the United States.

Canada has already received a similar letter Deposit prices of 35% on its goodsWhile Trump has threatened to impose a 50% rate on goods made in BrazilIn retaliation for the trial of the “witch hunt” against his far -right ally, former president Jair Bolsonaro, who faces his presumed role in a plot aimed at canceling the country’s elections in 2022.

Trump’s pricing cascade since returning to the White House in January began to generate tens of billions of dollars a month new income for the US government. US customs duties income spent $ 100 billion during the federal financial year in June, according to data from the US Treasury on Friday.

But the global economy and the markets were on a roller coaster which seems to continue in the predictable future.