President Trump sends letters to EU and Mexico about imposing tariffs starting August 1st

More countries got letters over the weekend from President Trump, warning that stronger tariffs are on the way come August 1st.

The latest round was addressed to the European Union, along with Mexico. President Trump says both countries face 30 percent tariffs starting next month. His concerns with Mexico stem from illegal drug trafficking, something Trump claims Mexico has made little progress on.

Leaders at the EU says they have their own tariffs ready to go, saying they have remained committed to finding a deal forward.

Related Stories
Turkey raises tariffs on some U.S. Agricultural goods – extending a fight between the two nations that sent Turkey’s currency plummeting.

LATEST STORIES BY THIS AUTHOR:

University of Arkansas’ Allen Szalanski discusses a news study on rice stink bugs, what it could mean for farmers, and pest management strategies for the future.
Watch AARP Live tonight at 7:30 PM ET on RFD-TV to learn more about ways to reduce expenses and make smart financial choices.
Valley Irrigation’s Darren Siekman explains the advantages of their new pivots for growers managing acreages of up to 60 acres.
ASFMRA’s George Baird shares insight on spring planting progress, acreage trends, and the financial factors influencing Mid-South farmers this season.
Jeramy Stephens with National Land Realty explains how the Supreme Court’s tariff ruling and ongoing ‘America First’ trade policy raise new questions about U.S. farmland values and agricultural market stability.