Topline
President Donald Trump announced Saturday his administration is imposing 30% tariffs on imports from the European Union and Mexico, hiking up the tariff rate for two of the U.S.’s biggest trading partners despite lengthy negotiations.
President Donald Trump listens as African leaders deliver remarks at the White House on July 9.
Key Facts
Trump posted two nearly identical letters Saturday morning to his Truth Social account, which were addressed to European Commission President Ursula von der Leyen and Mexican President Claudia Sheinbaum, informing them the Trump administration is imposing a 30% tariff rate on their imports.
The tariffs are slated to kick in on Aug. 1, and do not include any separate tariffs on specific sectors, like steel or automobiles.
This story is breaking and will be updated.