President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1

The EU will delay its plan to hit the US with tariffs on €21bn of its annual exports to Europe on Tuesday in the hope of coming to an agreement after Donald Trump announced that he would hit the bloc with 30 per cent tariffs from August 1.

The European Union (EU) and Mexico have expressed disappointment at US President Donald Trump's threat to impose 30% tariffs on their imports from 1 August. Mexico criticised what it called Trump's "unfair deal" and insisted its sovereignty is non-negotiable,