Business

The European Union said that it would be virtually impossible for its current volume of trade with America to continue if Donald Trump carried out his threat to impose tariffs of 30% on EU goods on August 1st. The EU is considering tit-for-tat duties on American products, such as aircraft, bourbon and cars. The president also announced that he would impose a 30% tariff on Mexican imports. A duty of 17% was immediately levied on Mexican tomatoes, to protect American farmers. Around 70% of the tomatoes sold in America come from its southern neighbour.