Trump says Mexico, EU to face 30% tariff from Aug 1

US President Donald Trump targeted Mexico and the European Union with steep 30 percent tariffs, dramatically raising the stakes in already tense negotiations with two of the largest US trading partners. Both sets of duties will take effect August 1, Trump says in formal letters posted to his Truth Social platform. The president cites Mexico's role in illicit drugs flowing into the United States and a trade imbalance with the EU as meriting the tariff threat.