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Your guide to what the second period of Trump means to Washington, business and the world
Donald Trump said he would impose a 30 percent tariff on Mexico and the European Union from August 1 in a move that would increase the destruction of relations between us with two of its closest trading partners.
The President issued the threats of the new tariff in two messages published in Truth Social on Saturday morning.
While the message to the European Union followed a template similar to more than 20 of other threat errors published by the American President this week, Trump also accused Mexico “failed to stop the cartals.”
Earlier this year, the United States threatened Mexico and Canada with definitions of 25 percent for revenge for what Trump said he failed to stop illegal immigration and the deadly fentian flow across the borders of common countries with the United States.
The possibility of new fees on two close American allies and commercial partners wandering in a turbulent week in which Trump threatened more than 20 countries with definitions – as well as announcing the 50 percent imminent fees on copper.
The message comes to the bloc, although European officials spent weeks in the shuttle between Brussels and Washington to clarify a deal that the European Union member states can accept.
The two sides are working on plans to reduce the 25 percent tariffs on vehicles and are considering an agreement to cancel drawings on lives, aircraft and parts. The European Union is also ready to reduce its commercial surplus of 198 billion euros in goods by adhering to the purchase of more American weapons and liquefied natural gas.
So far, the European Union against the Trump tariff, which includes a 25 percent tax on cars and auto parts, has not been divided into a 50 percent tariff on steel and aluminum, and a 10 percent basic tariff for most goods.
Mexico, along with Canada, has already succeeded in obtaining great exemptions from the most Trump drawings.
After unveiling the 25 percent customs tariff for its largest commercial partners in March, Trump said that the definitions would not apply to any goods that complied with the conditions of the 2020 Free Trade Agreement in the United States with its neighbors.
Exemption means that about 87 percent of Mexican goods entered the US tariff free of customs tariffs between January and March this year, according to the Mexican Ministry of Economy.
The Trump administration has also launched national security investigations that can lead to customs tariffs on chips, wood, flying spare parts, pharmaceuticals and consumer electronics.
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