European trade ministers were hopeful for a negotiated trade deal after Trump announced 30% tariffs on the European Union.

The Tomato Suspension Agreement pact was first signed in 1996 and updated in 2019. The deal paused anti-dumping duties in exchange for Mexican exporters agreeing to price minimums.

Mexico's President Claudia Sheinbaum speaks during a press conference, as U.S. President Donald Trump threatened on Saturday ...

President Donald Trump unveiled the new duty rates, set to begin Aug. 1, in separate letters shared on social media Saturday ...