JAKARTA - President of the United States (US) Donald Trump on Saturday imposed a 30% tariff for imports from Mexico and the European Union starting August 1.
Trump's decision came after weeks of negotiations with key trading allies failed to reach a more comprehensive trade deal.
The new tariff was announced in a separate letter posted on Truth Social on Saturday, July 12.
Earlier this week, Trump issued an announcement of new rates for a number of countries, including Japan, South Korea, Canada, and Brazil, as well as a 50% tariff for copper.
The European Union hopes to reach a comprehensive trade deal with the US for the country's 27 bloc.
The European Union has been preparing to receive a letter from Trump outlining its tariff plans against United States' biggest trading and investment partners after its tariff war expansion in recent days.
The European Union initially hoped to reach a comprehensive trade deal, including a zero-to-zero rate for industrial goods, but tough negotiations over the months have resulted in the awareness that they may have to accept a temporary deal and hope something better can still be negotiated.
A series of Trump tariff orders since returning to the White House have started generating new tens of billions of dollars per month in revenue for the US government.
US customs revenue jumped beyond $100 billion in federal fiscal year through June, according to US Treasury data on Friday.
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Block 27 of the country is under conflicting pressure as Germany, a very influential country, urged a quick deal to protect its industry, while other EU members, such as France, said EU negotiators should not give up on unilateral deals with US terms.
A series of Trump tariff orders since returning to the White House have started generating new tens of billions of dollars per month in revenue for the US government.
US customs revenue jumped beyond $100 billion in the federal fiscal year through June, according to US Treasury data on Friday, July 11.
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