President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Economists had already downgraded growth for the European Union, and the new duties would hit industries there especially hard. Companies are looking for ways to blunt the impact.

The US president threatened to raise tariffs on goods imported from Mexico, its leading trading partner, to 30%. Mexican President Claudia Sheinbaum responded pragmatically to the announcement, as the Trump administration had already made 12 tariff-related announcements directly or indirectly targeting Mexico since January.