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.

President Donald Trump says his administration is considering taxpayer rebates as the White House says tariffs have raked in over $100 billion.

President Donald Trump met with European Commission President Ursula von der Leyen and announced a new deal between the U.S. and E.U. that would set tariffs at 15%. Trump also announced that the E.U.