US tariffs: Trump announces 30% duties for EU and Mexico; cites fentanyl crisis and trade deficits as the reason

Donald Trump announced a 30% tariff on all goods imported from Mexico and the European Union, effective August 1, 2025. He cited Mexico's insufficient efforts to combat drug trafficking and persistent trade imbalances with the EU as justification. Trump suggested the tariffs could be avoided if companies relocate manufacturing to the United States, promising expedited approvals.