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.

South Africa urged G20 countries to show global and cooperative leadership to tackle challenges including rising trade barriers, as the club's finance chiefs met on Thursday under the shadow of President Donald Trump's tariff threats.

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.

Greece is the world's biggest exporter of tinned peaches, about one fifth of which goes to the United States, its second biggest market after Europe. Peaches, like some other goods, are already subject to a U.S. import levy of 17%. The new tariffs could increase the total import duty to 47%.

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.

President Trump has announced that the United States will implement a series of tariffs following a temporary pause in his previously declared “Liberation Day” tariffs. The announcement marks a continuation of Trump’s protectionist trade policies that characterized his first administration.

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

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.

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