July 13, 2025

Trade War Escalates as Trump Threatens New Tariffs on Mexico, EU

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On July 12, President Donald Trump threatened to impose a 30% tariff on imports from Mexico and the European Union starting August 1, following unsuccessful trade negotiations. This escalation in the trade war has angered U.S. allies and unsettled investors. Trump communicated this decision in letters to European Commission President Ursula von der Leyen and

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Source: Bitcoin.com

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