Trump announces 30% tariffs against Mexico, EU to begin on Aug. 1

President Trump on Saturday announced he is levying 30% tariffs against Mexico and the European Union. They are set to begin on August 1.

He announced the tariffs on two of the United States' biggest trade partners in letters posted on this Truth Social account.

In his letter to Mexican President Claudia Sheinbaum, Mr. Trump acknowledged that the country has helped stem the flow of undocumented migrants and fentanyl into the U.S. But he said the country has not done enough to stop North America from turning into a "Narco-Trafficking Playground."