United States President Donald Trump on Saturday imposed a 30 per cent tariff on imports from Mexico and the European Union beginning on August 1 after weeks of negotiations with the key trading allies failed to reach a more comprehensive trade deal.

The fresh tariffs were announced in separate letters posted on Truth Social on Saturday.

Earlier this week, Trump issued new tariff announcements for a number of countries, including Japan, South Korea, Canada and Brazil, as well as a 50pc tariff on copper.

The EU had hoped to reach a comprehensive trade agreement with the US for the 27-country bloc.

It had been bracing for the letter from Trump outlining his planned duties on the United States’ largest trade and investment partner........

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