QUOTES-Trump announces 30% tariffs on EU, Mexico
ReutersJul 12, 2025 1:34 PM
July 12 (Reuters) - Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.
Following are reactions to the announcement:
DAN O'BRIEN, CHIEF ECONOMIST, INSTITUTE OF INTERNATIONAL AND EUROPEAN AFFAIRS, IN POST ON X
"A 30% tariff on EU goods going to US would have a significant trade destruction effect. The threat to meet any EU tariff retaliation with a further and equal percentage point increase in the US tariff highly provocative. Chances of wider EU-US economic conflict have risen."
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