That statement came some 12 hours after Trump announced an agreement Sunday with the European Union that would see a 15% tax paid on products brought into the United States from the bloc. The E.U. also agreed to spend $750 billion on energy purchases from the U.S., while investing an additional $600 billion here.

Balancing economic interests and security concerns, European officials said they got the best deal possible with President Donald Trump, but critics said Brussels ceded to pressure.

President Trump is seeking to raise federal revenue by imposing levies on goods from foreign nations. Here’s how the process works.

The 15% tariff would be lower than previously threatened, but it would remain a high duty on America’s largest trading partner.

As Trump eyes an Aug. 1 deadline for countries to come to trade deals or face the tariffs that he originally announced in April, he has touted the agreements he has made in recent days — while maintaining that it would be difficult to meet with all world leaders.

Top trade officials from China and the United States have launched a new round of talks aimed at easing tensions over tariffs.

In the wake of those “Liberation Day” tariffs, financial markets took fright. On April 9 the Trump administration hit pause: the “reciprocal” tariffs were deferred until July 9 and replaced by an across-the-board 10% tariff increase, with a handful of exceptions.

President Donald Trump said Monday he may shorten the time Russian President Vladimir Putin has to end his war on Ukraine before imposing heavy tariffs on Russia.

The figures are significant because they represent a major increase from the 10% baseline tariff Trump announced in April of this year.

The preliminary deal imposes 15 percent tariffs on most E.U. goods, averts a trade war and leaves many details unresolved, including on wine and spirits. Here are industries on the line.