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Trump Posts Letter on Social Media Announcing 30% Tariffs on EU, Mexico
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US President Donald Trump posted a letter on social media addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, stating that a 30% tariff will be levied on goods from both regions, effective August 1, Reuters reported. Sheinbaum responded by expressing her belief that Mexico and the U.S. can reach a deal, stating that the Mexican government is clear on areas where cooperation with the U.S. is possible and where it is not, but national sovereignty is non-negotiable. Mexico's Ministry of Economy indicated that they learned of the U.S. intention to send the letter during a meeting last Friday (11th). Mexico already expressed in the meeting that this is unfair treatment and will not agree. AASTOCKS Financial News Website: www.aastocks.com |
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