In a last-ditch attempt to fend off Donald Trump’s threat to raise tariffs on most EU goods to 30 percent on Aug. 1, European Commission President Ursula von der Leyen struck a preliminary deal with the U.S. president on Sunday that foresees a 15 percent tariff on most imports from the EU.

The EU's top negotiator on Monday defended a trade agreement with the United States to avert steeper tariffs as "the best deal we could get under very difficult circumstances"."I'm 100 percent sure that this deal is better than a trade war with the United States,