Responses to Trump's Tariff Threats
European Union and Mexico expressed disappointment at Donald Trump's threat to impose 30% tariffs on imports starting from 1 August.
Mexico criticized Trump for proposing an 'unfair deal' and emphasized that its sovereignty is non-negotiable.
Ursula von der Leyen, chief of the EU, threatened to take 'proportionate countermeasures' if necessary.
Negotiations and Diplomatic Tensions
Trump warned that higher tariffs will be imposed if either trading partner retaliates with their own import duties.
Despite tensions, both Mexico and the EU stated their desire to continue negotiating with Trump.
Trump criticized the long-standing trade relationship with the EU, citing trade deficits and barriers.
International Support and Reactions
Emmanuel Macron, France's President, expressed strong disapproval of Trump's tariff announcements.
Claudia Sheinbaum, Mexico's President, remained optimistic about reaching a deal with Trump.
Giorgia Meloni, Italy's Prime Minister, urged for a fair agreement to avoid a trade war with the EU.
Potential Economic Impact
Germany's Association of the Automotive Industry warned of rising costs due to potential tariffs impacting German carmakers.
Peter Navarro from the White House set ambitious goals for trade deals but only announced limited agreements so far.
Calls for a united front among EU leaders echoed the need to negotiate effectively with Trump.
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