A tariff simulator shows a dramatic drop in global exports to the U.S. as a result of Trump’s new trade deal with the European Union.

President Donald Trump and European Commission President Ursula von der Leyen announced a trade deal instituting 15% tariffs on European goods. While it alleviates Trump's previous 30% threat, the deal impacts US consumers and European exporters.

U.S. President Donald Trump on Sunday said the United States and the European Union had reached agreement on a trade deal that includes a 15% tariff on EU goods entering the U.S. and significant EU purchases of U.