Who will bear the brunt of proposed US-EU tariff increases? | DW News

US President Donald Trump said he would slap 30% tariffs on imports from the EU and Mexico starting on August 1st. Weeks of negotiations with Brussels failed to reach a comprehensive trade deal. Trump blamed ''long-term and persistent trade deficits'' with the EU. European Commission President Ursula von der Leyen says the EU is prepared to impose countermeasures if necessary, in order to protect its interests. On Mexico, Trump says the government has not done enough to curb cross-border drug trafficking. Trump made similar tariff threats against dozens of other trading partners earlier this week. Chapter Breakdown 0:00 EU prepared to impose countermeasures against US tariffs 0:37 DW Correspondent, Janelle Dumalaon in Washington, on how cost of tariffs will be passed on to consumers 5:40 Financial correspondent Jens Korte and DW Correspondent in Tessa Walther in Brussels on potential transatlantic impact of tariffs #tariffs #eutariffs #trump For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1