President Donald Trump said he will impose a 30% tariff on Mexico due to his accusations of fentanyl coming across the border. The EU will also face a new tariff.

Greece's annual turnover from exports of tinned peach and other packaged peach products amounts to more than 600 million euros, with about 120 million euros coming from the U.S. market.

BRIDGEWATER, N.J. (AP) — President Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners.

European automakers are storing thousands of cars at ports in Europe holding out hope that US President Donald Trump will eventually relent and lower, or perhaps even abandon, sweeping tariffs. However, this appears to be increasingly unlikely and vehicles may continue to pile up at ports.

New data showing price increases last month could foreshadow even higher costs if the president imposes steep tariffs on Aug. 1.

On August 1, a significant shift in international trade is expected as President Donald Trump enacts a 30% tariff on imports from the European Union and Mexico, two of the U.S.'s largest trading partners.

EU trade commissioner Maroš Šefčovič Maroš Šefčovič stated that the introduction of 30% tariffs on European imports would actually destroy transatlantic trade, The Guardian reports. The European Union is warning of the risk of a complete freeze in trade with the United States due to a new initiative by Donald Trump.

Volvo is planning to begin U.S. production of the XC60 and XC90 crossovers as a response to the Trump administration's auto tariffs, according to an Automotive News report. The outlet cites two anonymous sources who say Volvo will begin U.

President Donald Trump has pledged a 50% tariff against Brazil, a major producer of green coffee beans. That could lead to higher coffee prices.