US EditionNew Tariffs on European Union and Mexico Set to Impact U.S. Consumers
UNITED STATES, JUL 13 – The EU continues to hold off retaliatory tariffs as negotiations persist and US tariffs threaten $5.9 billion in annual European wine exports, officials said.
- President Donald Trump announced that, beginning August 1, 2025, a 30% duty would be imposed on goods entering the United States from the European Union and Mexico.
- These tariffs follow ongoing trade negotiations and aim to address trade imbalances and press Mexico on migrant control, though Mexico calls the tariffs unfair.
- The EU pledged countermeasures while Mexico threatened tariffs on American pork and chicken, reflecting heightened tensions and shifts in global trade dynamics.
- Economists expect tariffs to increase prices on goods like French cheese, Italian leather, and U.S. exports such as vehicles and pharmaceuticals, impacting consumers and businesses.
- These actions form part of Trump’s broader economic revival strategy, creating uncertainty for companies like Nike that face declining sales and rising costs amid tariff pressures.
54 Articles
54 Articles
Retailers to increase prices from Trump’s tariffs, pass on costs to shoppers
As retailers navigate the impact of U.S. President Donald Trump’s tariffs, a research analyst expects the price of goods to increase and costs to be passed on to consumers, as companies already face challenges of their own.
How President Trump's looming tariffs on Mexico, European Union could impact U.S. consumers
President Trump is threatening Mexico and the European Union, two of the largest U.S. trading partners, with 30% tariffs starting in August if they don't reach a trade deal with the U.S. CBS News MoneyWatch correspondent Kelly O'Grady breaks down what this means for U.S. consumers.
New tariffs on European Union and Mexico set to impact U.S. consumers
President Donald Trump announced new tariffs on imports from the European Union (EU) and Mexico, aiming to improve trade deals and national security, while economists warn of potential price increases.
Trump's Tariff Surge: A Calculated Risk Aimed at Trade Balances
President Donald Trump has announced new 30% tariffs on the European Union and Mexico, effective August 1. This decision marks a strategic move in his 2024 campaign to rectify U.S. trade imbalances with global partners. Both EU and Mexican leaders express concern, warning of the potential for economic disruption.
The announcement of new tariffs by the U.S. government yesterday generated conflicting positions. The National Action Party (PAN) attributed the measure to the “inability of the government to confront organized crime,” while Morena closed ranks with the head of the executive branch.
After the announcement of the imposition from 1 August of customs duties of 30% on European products imported into the United States, Europe is trying to coordinate its delicate response.
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