Trump said the U.S. will impose 15 percent tariffs on imports from the 27-nation European Union, although the White House has yet to release specifics.

The deal includes a 15 percent tariff on most European exports to the United States, similar to agreements struck recently between Trump and other major trading partners, including Japan. The levy is higher than the 10% rate sought by Europeans but a deescalation from the 30% Trump threatened to impose earlier in July.