President Trump Proposes 30% Tariffs for EU and Mexico Aug. 1
President Trump on Saturday, July 12, announced on Truth Social that he sent letters to both European Commission President Ursula von der Leyen and Mexico President Mexican President Claudia Sheinbaum warning both that his administration is prepared to impose 30% tariffs on U.S. imports from the EU and Mexico, starting 12:01 a.m. ET on Aug. 1.
While both the EU and Mexico are negotiating trade deals with the U.S., President Trump expressed dismay with the lack of progress.
Numerous letters to countries were sent by President Trump, and posted for public viewing through Truth Social posts, since Monday, July 7, warning that his administration is prepared to implement varying tariffs, effective 12:01 a.m. ET on Aug. 1, unless suitable trade deals are reached.
U.S. Treasury Secretary Scott Bessent said in a Truth Social post on Saturday, July 12, the U.K. “smartly secured an early deal,” adding “Let this be a lesson to other countries – earnest, good faith negotiations can produce powerful results that benefit both sides of the table, while correcting the imbalances that plague global trade.”
The NCBFAA Customs Committee and Counsel of Sandler, Travis & Rosenberg, P.A., will provide members with additional details related to these tariffs and CBP guidance, as it is received.
