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

A roundup of where things stand with tariffs on key U.S. trade partners and sectors.

Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.

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.

But as recently as Wednesday, Mr. Trump floated a higher range, between 15% and 50%. Mr. Trump, who in April said the U.S. had 200 trade deals with other nations, has since said there are too many countries for individual trade deals with all of them and the U.S. will have "simple" tariffs for "most" countries.

Experts at Bankrate have warned that the cost of President Donald Trump’s tariffs could ultimately be passed on to American consumers, unless importers or businesses absorb the costs

European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump on Sunday in Scotland. The meeting would come days ahead of August 1, when Trump said we would impose tariffs of 30% on imports from the European Union for alleged trade imbalances.

A threatened 30% tariff on European wines would hurt many U.S. companies while hiking prices at home and in restaurants, industry experts warn.