<ul data-eligibleForWebStory="false"><li>President Trump announced 30% tariffs on the European Union and Mexico, effective August 1, if they do not negotiate better terms.</li><li>Trump has been sending out letters to countries this week, adjusting proposed tariff levels from April and encouraging further negotiations.</li><li>The EU's hopes for a tentative deal with the US were dampened by Trump's letter, which emphasized the need for open market access.</li><li>In his letter to Mexico, Trump criticized the country for not doing enough to stop drug cartels from turning North America into a 'Narco-Trafficking Playground.'</li></ul>

Trump Says US To Impose 30% Tariffs On EU, Mexico Next Month

Discover more