President Trump has announced 30% tariffs on Mexico and the European Union, scheduled to take effect on the 1st of August, 2025.
From CBS: “President Trump on Saturday [July 12] announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on Aug. 1. He announced the tariffs on two of the United States’ biggest trade partners in letters posted on this Truth Social account.”
The Mexican government knew about it the day before: “The Mexican economy and foreign ministries, in a joint statement on Saturday, said they had been informed of the new tariffs during a meeting in Washington, D.C. on Friday [July 11].”
In Trump’s letter addressed to Mexican President Sheinbaum, dated July 11th, the U.S. President said that “Starting August 1, 2025, we will charge Mexico a Tariff of 30% on Mexican products sent into the United States, separate from all Sectoral Tariffs.”