The European Union and Mexico have expressed disappointment over President Donald Trump's threat to impose a **30% tariff** on their imports starting **August 1**. Both parties aim to continue negotiations despite the tariff warning.

• 30% proposed tariff on imports from the EU and Mexico
• Ursula von der Leyen, President of the European Commission, and Claudia Sheinbaum, President of Mexico, are significant figures responding to the situation
• Trump warned retaliation could lead to even higher tariffs, emphasizing "we must move away from these long-term-large, and persistent, trade deficits."