The European Union and its 27 member nation bloc became the latest of the United States' top trading partners to come to an agreement with Trump over the weekend, joining the Philippines, Japan and Indonesia in announcing deals during July.

The rate will apply in addition to individual “reciprocal” tariffs targeting countries with which the US runs a trade deficit.

The Trump administration touts tariffs as part of a wider set of "America First economic policies," which have "sparked trillions of dollars in new investment in U.S. manufacturing, technology, and infrastructure," according to the White House's website.

Ahead of his self-imposed tariff deadline, US President Donald Trump has said that a trade agreement with India has not yet been finalized. “India trade deal not been finalized,” said Trump. Asked whether India would face 20-25% tariff rates,

President Donald Trump is meeting with United Kingdom Prime Minister Keir Starmer in Turnberry, Scotland, this morning to discuss trade. The U.S. and United Kingdom reached an agreement on tariffs in May. Yesterday, Trump announced a trade deal with the European Union that would set tariffs at 15% for U.S. imports of most European goods.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal

Wall Street is coming off a winning week fueled by strong earnings and recent deals between the U.S. and its trading partners.

President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug.