Trump announces 30% tariffs on EU, Mexico

FILE PHOTO: Illustration shows 3D-printed miniature model depicting U.S. President Donald Trump depicting European Union flag and word “Tariffs”

(Reuters) -Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.

Following are reactions to the announcement:

DAN O’BRIEN, CHIEF ECONOMIST, INSTITUTE OF INTERNATIONAL AND EUROPEAN AFFAIRS, IN POST ON X

“A 30% tariff on EU goods going to US would have a significant trade destruction effect. The threat to meet any EU tariff retaliation with a further and equal percentage point increase in the US tariff highly provocative. Chances of wider EU-US economic conflict have risen.”

(Compiled by EMEA Editing Desk)