Trump Announces New Tariff Measures: 30% Tariff on EU and Mexico Products

On December 12, U.S. President Donald Trump revealed a new round of tariffs via the social media platform 'Truth Social', declaring that, effective August 1, there will be a 30% tariff on products coming from Mexico. Similarly, the same tariff will apply to products exported from the European Union. This announcement has drawn significant attention to the evolving trade relations between the U.S. and these regions.
Previously, during a tariff policy announcement on April 2, Trump indicated a 25% tariff on Mexico and a 20% tariff on the EU. The new tariffs are notably higher than those previously stated, reflecting Trump's increasingly hawkish stance on trade policy.
Thus far, Trump has issued four rounds of tariff letters, addressing a total of 24 countries and the EU; notably, Taiwan has not been included in this list, which has sparked discussions regarding its implications. The roles of the EU and Mexico in the U.S. market signify that these tariffs will have a substantial impact on their economies.
Following the announcement of the new tariffs, experts have pointed out that such measures may have counterproductive effects on the U.S. economy as well, since higher tariffs could ultimately be borne by consumers, leading to increased prices for goods and adding pressure to the recovering U.S. economy. Whether this policy will achieve Trump's original expectations remains to be seen.
In fact, changes in trade policy can have far-reaching effects on the global economy, raising concerns about whether Trump's tariff measures might escalate into a trade war and provoke retaliatory actions from other countries. In the coming months, the reactions from the markets and potential adjustments in policies from various countries will be significant to observe.