ISTANBUL

The New York Stock Exchange ended with gains Monday after US President Donald Trump announced new tariffs of 30% for the EU and Mexico, and threatened 100% for Russia.

The Dow Jones Industrial Average rose 0.2%, or 88.14 points, to close at 44,459.65.

The Nasdaq went up 0.27%, or 54.8 points, to 20,640.33 and the S&P 500 earned 0.14%, or 8.81 points, to 6,268.56.

On Saturday, Trump announced that Washington will impose 30% tariffs on the EU and Mexico starting Aug. 1, putting the US-EU trade talks at risk, as the bloc was working to finalize a comprehensive trade deal this month.

In a social media post, Trump shared a letter addressed to European Commission President Ursula von der Leyen announcing the US tariff on goods from EU countries.

Von der Leyen then voiced readiness to work toward an agreement with the US by Aug. 1 and vowed to take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures.

EU trade chief Maros Sefcovic warned Monday that the US’ planned 30% tariff on EU goods would effectively rule out trade and vowed to use every minute before the Aug. 1 deadline to reach a negotiated solution.

Meanwhile, Mexican President Claudia Sheinbaum expressed confidence that an agreement can be reached before the new surcharge takes effect.

“We have a working group, and we hope to reach an agreement — that is our goal. There are also issues related to fentanyl and security on the table, and in that case, an agreement has already made some progress, always within the framework of respect for our sovereignty,” Sheinbaum said.

Separately, Trump on Monday threatened to impose 100% secondary tariffs on Russia if a deal on ending the war in Ukraine is not reached within 50 days.

Speaking during a meeting with NATO Secretary General Mark Rutte at the Oval Office, Trump said he was “very unhappy” with Russia and disappointed in President Vladimir Putin.