The European Union said on Wednesday it plans to hit the US with 30% tariffs on over $100 billion worth of goods in the event the two sides cannot reach a trade deal by Aug. 1.

Bloomberg News reported the European Commission will combine $24 billion in approved tariffs with a proposed $83 billion US goods list into one countermeasure package that would hit everything from American whiskey to cars to Boeing (BA) planes.

As the EU digs in, President Trump announced two more deals and finalized a third, most notably a pact with Japan.

“I just signed the largest deal in history with Japan,” Trump said during the meeting. The president said the agreement includes a 15% tariff on imported goods from Japan, and the country will invest $550 billion into the US.

Earlier on Tuesday, Trump said the US had also struck a trade deal with the Philippines, which will see the country’s imports face a 19% tariff into the US. Trump said US exports will face no import tax in the Philippines as part of the deal.

The White House also unveiled new details of a confirmed trade agreement with Indonesia too. Yahoo Finance’s Ben Werschkul reported that a 19% tariff will apply to Indonesian goods, as well as a 40% rate on any “transhipped” goods. US officials said no tax would apply to “99%” of US imports.

The deal developments come as prospects for larger pacts with India, the EU, and Canada look increasingly in doubt. Trump has threatened 25% to 35% tariffs on those larger trade partners.

Trump has also said he would soon send letters to over 150 smaller US trade partners, setting blanket tariff rates for that large group. Trump has already sent letters to over 20 trade partners outlining tariffs on goods imported from their countries.

Treasury Secretary Scott Bessent on Tuesday said he expected many deals to take shape over the next several days.

Read more: What Trump’s tariffs mean for the economy and your wallet

Here are the latest updates as the policy reverberates around the world.

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