INSUBCONTINENT EXCLUSIVE:
President Donald Trump on Saturday imposed a 30% tariff on imports from Mexico and the European Union starting on August 1 after weeks of
negotiations with the key trading allies failed to reach a more comprehensive trade deal.The fresh tariffs were announced in separate
letters posted on Truth Social on Saturday
Earlier this week, Trump issued new tariff announcements for a number of countries, including Japan, South Korea, Canada and Brazil, as well
as a 50% tariff on copper.The EU had hoped to reach a comprehensive trade agreement with the U.S
largest trade and investment partner after a broadening of his tariff war in recent days.The EU initially hoped to strike a comprehensive
trade agreement, including zero-for-zero tariffs on industrial goods, but months of difficult talks have led to the realization it will
probably have to settle for an interim agreement and hope something better can still be negotiated.The 27-country bloc is under conflicting
pressures as powerhouse Germany urged a quick deal to safeguard its industry, while other EU members, such as France, have said EU
negotiators should not cave into a one-sided deal on U.S
customs duties revenue shot past $100 billion in the federal fiscal year through to June, according to U.S
