United States President Donald Trump released on Saturday (12), the implementation of new 30% rates For products imported from Mexico and the European Union (EU), which will come into force on August 1.
The announcement of the taxation was released through letters shared separately on the US President’s social networks to Mexico president Claudia Sheinbaum and the leader of the European bloc, Ursula Von Der Leyen.
In the case of the European Union, Trump says he would consider a possible reduction if the block offered “complete and open access to the market for the United States, without tariffs being charged to us.” The newly named rates should replace 20% “reciprocal tariffs” that had been released by Trump in April. Trump justifies the measure as a “correction to commercial imbalance persistent ”and signals that exemption is possible if production is relocated to the US.
For the Mexicans, Trump “suggested” that he would consider negotiating tariffs if the country “did more” to combat drug cartels, whose actions have turned “all of North America into a playground of drug trafficking.” “As is well known, there will be no tariffs if Mexico or companies in their country decide to build or manufacture products within the United States,” the letter says in a similar statement to the European Union.
As in the case of EU, new rates for Mexico products should replace 25% previously imposed 25% rates on Mexican products that are not in accordance with the US-MEXICO-CANADA free trade agreement.
