Trump Introduces 30% Tariffs on Imports from EU and Mexico
July 12, 2025
Donald Trump has announced a 30% tariff on all imports from the European Union and Mexico effective August 1, following failed negotiations. This move significantly escalates the ongoing international trade war and is expected to seriously impact European exports to the US. German multinational companies, in particular, may face significant challenges to their sustainability. The EU is considering countermeasures, including a referral to the World Trade Organization.