Trump Slams EU, Mexico with 30% Tariffs: Trade War Looms
Former US President Donald Trump announced a 30% tariff on goods from both the European Union and Mexico via social media on July 12, 2025. The move sent shockwaves through global markets.
The tariffs on Mexico, according to Trump’s post, are a direct response to what he termed insufficient action on illegal immigration and drug trafficking.
He justified the tariffs on the EU by citing a large US trade deficit and what he called unfair trade practices by European nations.
This unilateral action by Trump is expected to further escalate existing trade tensions and potentially trigger retaliatory measures from both the EU and Mexico. The impact on global trade and the Indian economy, heavily reliant on international commerce, remains to be seen. Experts predict significant ripple effects across various sectors.
