India, July 12 -- US President Donald Trump on Saturday released new tariff letters for Mexico and the European Union. Trump said that goods imported from Mexico and the European Union will face a 30 per cent US tariff rate starting August 1.

Trump shared the tariff letters sent to Mexico and European Union on his handle on Truth Social platform.

"It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship, and the fact that the United States of America has agreed to continue working with Mexico," the letter to the Mexican president read.

The letter stated that despite strong relationship, the United States imposed tariffs on Mexico to deal with nation's "Fentanyl c...