<ul data-eligibleForWebStory="false"><li>President Trump announced a 30% tariff rate for the European Union and Mexico effective Aug. 1, challenging the financial markets' resilience to tariff threats.</li><li>Despite warnings, investors have assumed previous U-turns from the administration and minimal impact on markets.</li><li>The EU had been negotiating a tentative deal with the US to avoid higher tariffs, but optimism was punctured by Trump's letter.</li><li>Financial markets have struggled to price in the on-again, off-again tariff campaign by Trump, with mixed reactions in response to the recent trade offensive.</li></ul>

Market Resilience Challenged By Trump’s Weekend Tariff Salvo

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