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Trump seems emboldened that he has not blown up the global economy yet.

Trump’s Letter to the EU

We have had years to discuss our Trading Relationship with The European Union, and we have concluded we must move away from these long-term, large, and persistent, Trade Deficits, engendered by your Tariff, and Non-Tariff, Policies, and Trade Barriers,” Trump wrote in the letter to the EU. “Our relationship has been, unfortunately, far from Reciprocal.

Starting on August I. 2025. we will charge The European Union a Tariff of only 30% on EL, products sent into the United States. separate from all Sectoral tariffs. Goods transshipped to evade a higher Tariff” ill be subject to that higher Tariff. Please understand that the 30% number is far less than what is needed to eliminate the Trade Deficit that we have with the EU. As you are aware there will be no tariff if The European union, or companies within the EU decide to build or manufacture product” in the United States and in fact we will do everything possible to get approvals quickly, professionally, and routinely. ln other words. in a matter of weeks.

The European Union will allow complete, open Market access to United States with no tariff being charged to us. If for any reason you try to raise your tariffs to retaliate, then whatever number you choose to raise them by, will be added to the 30 percent we charge.

The full letter to Ursula von der Leyden, president of the European Commission, is on Truth Social.

European Commission President Ursula von der Leyen posted on X that while Europe would continue working toward an agreement with the U.S. before the Aug. 1 deadline, they would also continue to “safeguard EU interests on the basis of proportionate countermeasures.”

A 30% tariff on EU exports would hurt businesses, consumers and patients on both sides of the Atlantic.

We will continue working towards an agreement by August 1.

At the same time, we are ready to safeguard EU interests on the basis of proportionate countermeasures.

— Ursula von der Leyen (@vonderleyen) July 12, 2025

Trump’s letter to Mexico President Claudia Sheinbaum Pardo is also on Truth Social.

Trump’s Letter to Mexico

Dear Madum President.
It isa Great honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship. and the fact that the United States of America has agreed to continue working with Mexico. Despite our strong relationship, you will recall the United States imposed Tariffs on Mexico to deal with our Nation’s Fentanyl I crisis which is caused in part my Mexico’s failure to stop the Cartels who are are made up of the most despicable people who ever walked this earth, from pouring these drugs into our country.

Mexico is helping me secure the border but what Mexico hos done is not enough Mexico still has not stopped the Cartels who are trying to turn all of North America into a Narco-Trafficking Playground. Obviously. I cannot let that happen!

Starting August 1 , 2025 we will charge Mexico a Tariff of 30% on Mexican products sent into the United States, separate from all Sectoral
Tariffs. . Goods transshipped to evade higher tariffs will be subject to that higher tariff. As you are aware there will be no tariff if The European union, or companies within the EU decide to build or manufacture product” in the United States and in fact we will do everything possible to get approvals quickly, professionally, and routinely. ln other words. in a matter of weeks.

If for any reason you try to raise your tariffs to retaliate, then whatever number you choose to raise them by, will be added to the 30 percent we charge.

The Trade Deficit is a major threat to our Economy and, indeed, our National Security.

Trump is hell bent on blowing up global trade. And he wants everything made in the United States, oblivious to costs of doing so.

The US would become the world’s highest cost producer, exports would crash, and inflation soar.

The only sensible action is to wait Trump out.

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