While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.

Trump has given his final warning, and this time the world isn’t laughing. The White House has mailed out formal tariff notices to Mexican President Claudia Sheinbaum and European Commission President Ursula von der Leyen,

President Donald Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.

President Trump has sent letters to more than 20 trade partners, all delivering the same message: Negotiate a new trade deal by August 1 or goods will be hit with higher tariffs. CBS News's Erica Brown reports.

US President Donald Trump announced on Saturday that he will impose 30% tariffs on imports from the European Union beginning August 1, heightening tensions in a trade fight that Brussels had hoped to defuse.

Letters went to 23 other American trading partners this week, including Canada, Japan and Brazil, setting blanket tariff rates ranging from 20 percent

US President Donald Trump on Wednesday threatened Brazil with a crippling tariff of 50% starting August 1, according to a letter he sent to the country’s president, Luiz Inácio Lula da Silva.

President Donald Trump’s tariff fight moved forward yesterday as he escalated the U.S. trade war with Canada and said in an exclusive interview that he plans to impose blanket tariffs on most trade partners.