US Tariffs: EU and Mexico hit back Trump’s measures

The trade war intensifies. Donald Trump has announces  imposition of 30% tariffs on goods from the European Union and Mexico, effective August 1st. The decision immediately sparked an outcry.

The European Union has promised a firm response. Brussels denounced the measure as “disrupting the supply chain” and “harming growth”. Several member states – France, Germany, Sweden and the Netherlands – are calling for coordinated countermeasures to defend European interests.

of the United States in 2024, also reacted. President Claudia Sheinbaum says she is ready to negotiate, but asserts that sovereignty is non-negotiable. The country promises to defend its vital exports, particularly in the automotive, agri-food and manufactured goods sectors.

For economists, these surcharges risk increasing inflation in the United States and slowing global growth, at a time when supply chains remain fragile. This new salvo of tariffs raises the risk of a generalized trade war, even though the Trump administration has already targeted more than 20 countries in recent weeks, including historic allies.

source: africa news