Donald Trump has announced that a 30% tariff will be imposed on imports from the European Union and Mexico starting August 1. Although he gave limited praise to Mexico, he accused the country of not doing enough to stop drug trafficking. He labeled the EU's trade practices as a national security threat and declared that one-sided trade relationships would no longer be tolerated. This move will bring 24 countries, including all 27 EU member states, under the new tariff regime. Trump had earlier announced a similar 35% tariff on imports from countries including Bangladesh.