Trump Threatens 30% Tariffs on EU and Mexico as Talks Continue

Tractor trailers wait in line at the Ysleta-Zaragoza International Bridge port of entry, on the US-Mexico border in Juarez, Chihuahua state, Mexico, in April.

Photographer: Justin Hamel/Bloomberg

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President Donald Trump unleashed his latest tariff ultimatums, declaring a 30% rate for Mexico and the European Union, as his trade agenda continues to keep allies off balance and inject uncertainty into global financial markets.