President Donald Trump on Saturday announced 30 percent tariffs on all European goods entering the U.S., prompting pushback from European allies.

Goods imported from both the European Union and Mexico will face a 30% U.S. tariff rate starting on August 1, U.S. President Donald Trump said in letters posted to his social media platform on Saturday.

The Switzer Report founder Peter Switzer has discussed the retaliatory tariffs on US exports being delayed by the European Union. This comes after US President Donald Trump wrote a letter to EU President Ursula von der Leyen announcing his 30 per cent tariff imposition coming August 1.