EU and Mexico Condemn Trump’s 30% Tariffs
The European Union and Mexico have strongly criticised US President Donald Trump’s announcement to impose a 30% tariff on imports from their countries, effective August 1. Both regions have expressed deep concern over the economic and diplomatic consequences of the proposed measure.
EU Warns of Economic Fallout
European officials warned that the 30% tariff would disrupt global supply chains, increase costs for consumers, and possibly trigger retaliatory measures. They highlighted that the tariff plan comes without transparent justification and undermines efforts to stabilise global trade partnerships.
Mexico Decries Unfair Treatment
Mexico has called the decision discriminatory and counterproductive, especially in light of its cooperation with the United States on sensitive issues like drug trafficking and border control. The Mexican government argued that it has honoured existing trade commitments and warned of potential economic retaliation if the US goes ahead with the plan.
Impact on Global Markets
Financial markets responded nervously, with industrial and manufacturing sectors experiencing drops. Analysts warn that American consumers could see higher prices on key goods including automobiles, electronics, and medicines. The move is also seen as a challenge to the rules-based international trade order.
Negotiation Window Still Open
Although the tariffs are slated for August 1, Trump has left room for bilateral talks. Other countries like Canada, Japan, and South Korea have received similar tariff warnings. However, no formal agreements have been announced so far. The EU and Mexico are both pushing for urgent consultations to avert full-scale trade disruption.
