July 18, 2025
WASHINGTON, D.C. – According to the New York Times and elsewhere, new tariffs are on the horizon, specifically a 30 percent tariff on goods from the European Union and Mexico. The tariffs would take effect August 1.
“President Trump’s threat on Saturday to place a 30 percent tariff on goods from the European Union caused outrage among European leaders, with some urging retaliatory tariffs while others said they hoped a deal could still be worked out before the new levies went into effect,” wrote Ashley Ahn of the Times. “The European Union has been in deep negotiations with Washington in the hope of reaching trade deals that would avert such punishing levies and a wider trade war.”
Dan O’Brien, chief economist at the Institute of International and European Affairs, said on social media that a 30 percent tariff on European goods exported to America would have “a significant trade destruction effect.”
An update from Times reporter Melissa Eddy added: The chairman of the Committee on International Trade in the European Parliament called President Trump’s letter threatening 30 percent tariffs an ‘outrage’ and urged the European Union to respond immediately with countermeasures. ‘We should no longer wait and see, but use our economic strength to make it clear that these unfair trade practices are unacceptable,’ Bernd Lange said.
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