Trump announces 30% tariff on EU goods starting August 1 | World News
US President Donald Trump has announced that all goods imported from the European Union will face a 30 per cent tariff beginning August 1.
Trump escalated his trade offensive this week, sending over 20 letters to foreign governments warning of steep new tariffs unless bilateral trade agreements are reached 1 August.
Back in April, Trump introduced a 10 per cent baseline tariff on imports, along with additional duties of up to 50 per cent targeting specific countries. However, following widespread market anxiety, he postponed the implementation of all tariffs—except the 10 per cent rate—until 9 July.
As the 90-day grace period expired this week, Trump unveiled a fresh set of tariff rates for various nations, while pushing their enforcement date to next month.
