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Trump Extends Import Charges to European Union and Mexico, Hitting Both With 30 Percent Rate From August 1

Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent to 50 percent.

By JOSEPH CURL |  |economy
Andrew Harnik/Getty Images
White House press secretary Karoline Leavitt holds up a copy of a letter from President Trump to Japan on July 7. 2025, announcing plans to introduce a 25 percent tariff beginning on August 1st. Andrew Harnik/Getty Images

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