Trump intensifies trade war with threat of 30% tariffs on EU, Mexico

The EU and Mexico responded by calling the tariffs unfair and disruptive while pledging to continue to negotiate with the U.S. for a broader trade deal before the deadline. According to the U.S. Customs and Border Patrol, only 0.2% of all fentanyl seized in the U.S. comes from across the Canadian border, while the vast majority originates from the southern border. Jacob Funk Kirkegaard, a senior fellow at the Brussels-based think tank Bruegel, said Trump's letter raised the risk of retaliatory moves by the EU similar to the flare-up between the U.S. and China that rattled financial markets.