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 on Saturday threatened duties of 30% on products from Mexico and the European Union, two of America’s biggest trading partners, in an ongoing tariff campaign that’s upended global trade since he retook office in January.

President Donald Trump has announced he’s levying tariffs of 30% against the European Union and Mexico starting Aug. 1.

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Trump made the statement while signing a law aimed at fighting fentanyl trafficking. He added that "Mexican authorities are petrified to show up at their office, to go to work because cartels have a tremendous grip" on the country and its politicians. "Can't let that happen," he added.

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Sheinbaum told reporters on Friday morning she sees no need to meet with her U.S. counterpart because of economic tensions between the two countries.