President Donald Trump announced 15% tariffs on most foreign goods from the European Union, down from the threatened 30%, as part of a trade agreement .

The day before, the US president praised the progress of ongoing trade negotiations between Washington and Brussels, stating that both sides are engaged in serious discussions on…

If there is no deal and the US imposes 30 per cent tariffs, the EU has prepared counter-tariffs on US$109 billion of US goods.