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President Trump announced new 30% tariffs on the EU and Mexico, effective August 1, citing concerns over fentanyl trafficking and a significant trade deficit. In response, Mexican officials expressed discontent, and the EU’s president warned that the tariffs would negatively impact businesses and consumers on both sides of the Atlantic, while negotiations continue.
Explain It To Me Like I’m 5: President Trump has announced that starting August 1, new 30% taxes will be put on goods from Mexico and the European Union to address issues like drug trafficking and trade deficits.
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