Mexico, Trump and European Union
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Financial markets, which have shown increasing insensitivity to tariff threats from the US, will face a test at the Monday open after President Donald Trump declared a 30% rate for the European Union and Mexico effective Aug.
Investors have so far behaved as if they’re counting on the U.S. president to back down, having seen previous U-turns from his administration.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
U.S. President Donald Trump announced plans to impose new 30% tariffs on Mexico and the European Union effective from Aug. 1, launching the latest salvo in his ongoing trade war.
President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.