President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting August 1. Trump detailed the planned tariffs Saturday in letters posted to his social media account. It's a move that could cause massive upheaval between the U.S. and two of its biggest trade partners. European Union Commission President Ursula von der Leyen said the EU may adopt "proportionate countermeasures" if Trump moves ahead with the tariffs. Mexico's government in a statement described the proposed move by Trump as “unfair treatment." The letters are part of an announcement blitz by Trump of new tariffs with allies and foes alike, a bedrock of his 2024 campaign that he said would set the foundation for reviving a U.S. economy.
