President Trump has threatened to increase Mexico’s tariff rate to 30 percent starting Aug. 1, claiming the country hasn’t sufficiently tackled drug cartels.

President Donald Trump set a tariff deadline for Aug. 1. The tariffs would impact multiple countries including Mexico and Canada. Taxes levied on goods imported to the U.S. are projected to raise the prices on consumer products like clothes and cars.

President Donald Trump expanded his tariff threats over the weekend, calling for 30% levies on two of America’s largest trading partners: the European Union and Mexico.

The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

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Trump’s tariffs spark a nationalist reaction in Latin America. Is the U.S. president a godsend for the region’s leftist leaders?

The 30 percent tariffs announced by the Trump administration for Mexico over not doing enough to stop drug cartels show

New tariffs on building materials from China, Canada, and Mexico are adding up to $10,000 to the cost of new homes. The increased prices could exclude over 100,000 potential buyers from the housing market.