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Frustration and economic losses like those in the U.K. are growing in Japan, the European Union and South Korea.

Under the terms agreed with Washington, the 27-nation bloc faces a 15% U.S. tariff on most of its exports. That rate would also apply to cars rather than the current 25% level.

Key details remain sparse — or not immediately captured in writing. Here’s what we know about the agreements so far.

The U.S. and the EU agreed to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties that might have sent shock waves around the globe.

The two sides have been zeroing in on an agreement that would see the EU face 15% tariffs on most of its trade.

President Donald Trump put the odds of striking a trade deal with Europe to reduce the tariff rate on their imports at 50-50, even as diplomats from the trading bloc have expressed optimism.

Member states could be ready to accept a 15% tariff and EU officials are pushing to have that cover sectors including cars.

The 30% tariffs will be imposed in the event of no deal and if President Donald Trump carries through with his threat to impose that rate on most of the bloc’s exports after Aug. 1.

The EU has finalized a second list of countermeasures to target U.S. goods worth $84 billion, including Boeing aircraft, automobiles and bourbon if it decides to retaliate against tariffs.

EU trade ministers agreed July 14 that U.S. President Donald Trump's announcement of 30% tariffs on the European Union was “absolutely unacceptable," and they are studying a new set of countermeasures to respond to the move.