President Donald Trump struck a new trade deal with the European Union on Sunday, allowing the EU to avoid a 30% tariff rate that was scheduled to begin on Aug. 1. Trump met with European Commission President Ursula von der Leyen over the weekend and discussed the new trade deal,

U.S. President Donald Trump said Monday his administration expects to set tariffs somewhere in the range of 15 percent to 20 percent for most countries that have yet to reach a trade deal with it, as South Korea is striving to strike a deal before the negotiation deadline this week.