U.S. President Donald Trump has ignited fresh global trade tensions, threatening 30% tariffs on imports from the EU and Mexico starting August 1. The move, announced via his Truth Social platform, comes after failed negotiations with both trading partners—and could send shockwaves through the global economy. 💼⚡
Why Now?
Trump accused Mexico of not doing enough to curb drug smuggling and illegal immigration, calling out fentanyl trafficking as a key issue. For the EU, he criticized "unfair" trade barriers contributing to U.S. deficits, claiming the relationship lacks reciprocity. 📉🇪🇺
Global Pushback Begins
EU Commission President Ursula von der Leyen warned of "proportionate countermeasures," stressing that tariffs would disrupt transatlantic supply chains. Mexico’s Economy Ministry called the move "unfair" but confirmed ongoing negotiations to avoid the August deadline. 🤝💬
Bigger Picture
This isn’t an isolated move—Trump sent over 20 similar letters to countries like Canada and Japan this week, proposing tariffs ranging from 20% to 50%. Analysts say the strategy mirrors his 2018-2019 trade wars, but with higher stakes ahead of the U.S. election. 🗳️🌐
Will this trigger a new era of protectionism? Stay tuned as markets brace for impact. 📉💼
