While Mexico was spared from Trump's so-called "Liberation Day" tariff rollout on April 2, the 30% rate for the E.U. is 10% higher than what the president said he would apply to America's largest trading partner in April.

President Donald Trump has announced a 30% tariff for both the European Union (E.U.) and Mexico, with the charges set to come into effect on Aug. 1.

The president posted letters to his EU and Mexican counterparts on his Truth Social account on Saturday morning.

The deadline for the duties to go into effect are still three weeks, which may mean the announcements could be a negotiating move.

European leaders sound off on the 30% tariffs U.S. President Donald Trump threatened to impose on the trade bloc.

In a wide-ranging interview with NBC News, Trump talked about tariffs, sending Patriot missiles to NATO for Ukraine and how he'll sell his recently passed "big, beautiful bill."

Trump said this week that there would be no new extensions granted for the August 1 deadline. Market pros tell BI where they see winners and losers.