DONALD Trump has imposed a 30 per cent tariff on imports from Mexico and the European Union – and it’s due to come into effect NEXT MONTH.
The shock decision comes after weeks of negotiations with the prime trading allies failed to reach a more comprehensive trade agreement with the United States of America President
The fresh tariffs were announced in separate letters on his Truth Social platform, revealing that the tariffs will come into effect on August 1.
The EU tariff is also reported to be significantly higher than the 20 per cent that Donald Trump announced in April, while negotiations with the bloc are still ongoing.
