Graphic Truth: Trump increases tariff threats on top trade partners

July 14, 2025

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Lizzy Yee

US President Donald Trump is threatening to impose 30% tariffs against the United States’ top two trading partners, the European Union and Mexico, demanding that Europe open its markets more to US products and that Mexico combats local drug cartels. Without new trade deals, the levies would come into effect on Aug. 1, and are higher than the previous duties that Trump had threatened. The announcement has put both Mexico and the European trading bloc on their heels: they have each now scrapped earlier plans to retaliate, favoring negotiations to smooth things over in the next two weeks. However, as Trump continues to drive an extremely hard bargain with even the US’s closest trading partners, he increases the risk that they will look elsewhere for alliances – for some, this process has already begun.

Graphic Truth: Trump increases tariff threats on top trade partners

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Graphic Truth: Trump increases tariff threats on top trade partners

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In this episode of GZERO Europe, Carl Bildt delves into the escalating diplomatic tensions between Denmark and the United States over Greenland.

The campaign for Argentina’s legislative election officially launched this week, but it couldn’t have gone worse for President Javier Milei.