President Donald Trump announced Saturday that his administration will impose a 30% tariff on goods from Mexico and members of the European Union (EU) starting August 1, citing trade deficits and national security concerns.In separate letters posted on Truth Social, Trump said the new tariffs—targeting two of the United States’ largest trading partners—were "separate from all Secular Tariffs" that are already in place.In his letter to Mexican President Claudia Sheinbaum Pardo, Trump said Mexico has failed to make sufficient progress in stopping drug cartels and the flow of fentanyl from turnin...

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