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Trump threatens to slap 30% tariffs on Mexico, EU from August 1

02:29

U.S. President Donald Trump has threatened to impose 30 percent tariffs on imports from Mexico and the EU starting August 1, blaming Mexico for failing to curb drug cartels and accusing the EU of unfair trade barriers. Mexico called the threat unfair and said talks are underway. Meanwhile, European Commission President Ursula von der Leyen said countermeasures may be taken if no deal is reached.

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