The EU Became Too Complacent Before Trump Created Discomfort | Carscoops

      President Donald Trump aims to persuade the EU and Mexico to agree to more favorable trade agreements.

      Despite ongoing discussions, President Trump is implementing substantial new tariffs. The US President asserts that Mexico must take greater action to curb the influx of fentanyl into the United States.

      Just when it seemed the turmoil surrounding Trump’s tariffs might be subsiding, he has delivered disappointing news to both Mexico and the European Union. In a social media post, Trump announced that new 30 percent tariffs will be applied to Mexico and the EU starting August 1, following weeks of negotiations that did not meet his satisfaction.

      Since introducing extensive tariffs on nearly every country in early April, President Trump has been striving to secure what he views as fairer trade agreements with key trading partners. Initially, the EU faced a 20 percent tariff, which was later lowered to 10 percent during a 90-day negotiation period. However, a final agreement remains elusive, and Trump has responded with further action while remaining open to a potential deal.

      According to Trump's statements, “If you wish to open your previously closed Trading Market to the United States, and remove your Tariff and Non-Tariff Policy and Trade Barriers, we might consider an adjustment to this letter.”

      The EU reported that it was nearing a framework agreement with the US after a recent meeting between Trump and European Commission President Ursula von der Leyen. The proposed 30 percent tariff would be distinct from sector-specific tariffs like those on automobiles and steel and would broadly impact various industries, as noted by Bloomberg.

      In Mexico's case, the situation is similarly bleak. In a letter to Mexican President Claudia Sheinbaum, Trump acknowledged Mexico's efforts in “helping me to secure the border.” However, he emphasized that if Mexico wants the US to reconsider the tariffs, it must effectively confront the Cartels and halt the fentanyl flow.

      “These Tariffs may be adjusted, either upwards or downwards, depending on our relationship with your Country,” he stated.

      Predictably, Mexico is unhappy with the increase in tariffs. Mexican Economy Minister Marcelo Ebrard called them "unjust," pointing out that both nations had recently agreed to form a new working group to tackle economic, security, and migration challenges.