Start Your Smart Investment Journey — Join UJI Investama.
Trump Says US to Impose 30% Tariffs on EU, Mexico Next Month
Former U.S. President Donald Trump has announced that a 30% tariff will be imposed on a wide range of imports from the European Union and Mexico starting next month. The move marks a significant escalation in Trump’s renewed protectionist trade agenda as he campaigns for a return to the White House. Speaking at a rally in Ohio, Trump said the new tariffs are aimed at “protecting American industries from unfair competition and foreign subsidies.” The tariffs are expected to affect products including automobiles, steel, agricultural goods, and consumer electronics.
POLITICS
7/12/20251 min read
The announcement has sparked immediate concern among trade partners and business groups, with many warning that the tariffs could trigger retaliation and disrupt global supply chains. EU and Mexican officials have indicated they are reviewing possible countermeasures.
Economists warn that the new tariffs could lead to higher prices for U.S. consumers and strain diplomatic ties with key allies. However, Trump maintains that the move is necessary to “restore balance” and “bring jobs back to America.”
The tariffs are set to take effect on August 15, unless revised through negotiations.