President Trump has struck a new trade deal with the European Union that will impose a 15% tariff on most goods from the EU, a reduction from previously threatened tariffs had a deal not been reached.

The administration provided some insight into the terms that were agreed upon between Indonesia and the United States, hinting at how other vague and hastily negotiated deals may turn out.

President Donald Trump announced further details of the trade deal between the United States and Indonesia brokered this month on Tuesday, ahead of a self-imposed Aug. 1 deadline that was imposed on U.