Numerous countries around the world are facing the prospect of much higher duties on their exports to the United States on Aug. 7 because they haven't yet reached a trade deal with the Trump administration.

The U.S.-EU trade agreement imposes 15 percent tariffs on most European imports, avoiding the 30 percent levies that President Trump had threatened. Critics argue the deal disproportionately favors

The best that can be said for the EU-US trade deal agreed on Sunday — at least from a European perspective — is that it could have been a lot worse. After all, the 15% tariff that America will now charge on almost all European imports is half the 30% tariff that Donald Trump had threatened to impose from Aug.