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By Carsten Brzeski and Inga Fechner
After numerous countries had already received tariff letters from America, it was finally the EU and Mexico’s turn on 12 July. According to the letters sent by US President Donald
U.S. Increases Pressure On Trade Negotiations In A Make It Or Break It Moment
Summary
- The US hits the EU and Mexico with 30% tariffs starting 1 August – despite speculation of an imminent trade deal with the former.
- With retaliation delayed and talks ongoing, the next three weeks will be crucial.
- But even a deal may not bring lasting certainty to global trade.
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