EU approves counter-tariffs on US goods
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The EU plans to impose 30% tariffs on €100 billion of U.S. goods as retaliation if no trade deal is reached by Aug. 1, heightening uncertainty.
Donald Trump has said he will impose tariffs of 30 per cent on Mexico and the EU from August 1, a move that would further damage US relations with two of its closest trading partners. The US president issued the new tariff threats in two letters posted to his Truth Social platform on Saturday morning.