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President Donald Trump has posted two new letters on his social media platform announcing tariffs on the European Union and Mexico.
President Donald Trump posted letters to the leaders of Mexico and the European Union, saying they had not done enough to head off the new tariffs.
The tariffs will add to the price of a grocery store staple for many Americans, while funneling more business to domestic tomato growers, largely in Florida.
President Donald Trump in recent days slapped tariffs as high as 50% on dozens of countries, restoring the type of aggressive trade policy that sent stocks plummeting a few months ago. The new round of levies prompted little more than a shrug on Wall Street.
America’s biggest trading partners have tried tactics ranging from appeasement to retaliation to avoid higher tariffs. All find themselves faced with similar threats from Washington.
US President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10 per cent on smaller countries, including nations in Africa and the Caribbean. (Pics/AFP)
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