Trump Threatens 30% Tariffs on Mexico and EU Starting August 1

Trump announced 30% tariffs against the EU and Mexico to take effect August 1, 2025, escalating trade tensions. A bipartisan U.S. congressional delegation traveled to Mexico City to meet with Sheinbaum and discuss the economic fallout. USMCA-compliant goods — accounting for approximately 85% of Mexico's exports — remained exempt from the threatened tariffs.