President Donald Trump today threatened to impose a 30% tariff on imports from Mexico and the European Union starting on Aug.1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

President Donald Trump this week extended his “Liberation Day” tariff pause again and sent nearly a half dozen letters to trading partners announcing new tariff rates for their countries. The higher tariffs would kick in on Aug.

President Donald Trump on Saturday threatened 30 percent tariffs on two major U.S. trading partners — the European Union and Mexico.

President Trump announced in a letter posted to social media on Saturday that he would place a 30 percent tariff on goods from the European Union, upending months of careful negotiations and further roiling what is one of the world’s most important economic relationships.

President Donald Trump announced a 30% tariff on imports from the EU and Mexico, effective August 1st, raising tensions on international trade fronts. The EU's plans for a comprehensive trade agreement with the U.

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the key U.S. allies and top trading partners failed to reach a comprehensive trade deal.

President Donald Trump's threats to impose high tariffs on countries make U.S. trading partners and investors nervous. But his sector tariffs could hurt consumers and businesses more in the long run.