U.S. President Donald Trump on Tuesday announced a trade deal with Indonesia, the latest pact in a bid to cement better terms with trading partners and reduce a massive trade deficit, even as the European Union readied retaliatory measures should talks between Washington and its top trading partner fail.

At a meeting of the EU Agriculture Council on 14 July, Poland, Hungary, Slovakia, Bulgaria and Romania expressed their dissatisfaction with a new agreement between Ukraine and the EU which is being drawn up based on the Deep and Comprehensive Free Trade Area (DCFTA).

The European Union sent a group of trade officials to Washington on Tuesday, hoping to revive an outline trade agreement with the U.S. after President Trump's letter threatening 30% tariffs. EU trade

President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were in the works as he continued to press for what he views as better terms with trading partners and ways to shrink a huge U.

The European Union is seeking to conclude a preliminary trade deal with the US this week that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement.

Terms of a potential agreement could benefit some European countries more than others, sparking divisions.

A political agreement was reached to advance the EU-Indonesia free trade deal, European Commission President Ursula von der Leyen said on Sunday.

The US is pitching the creation of a new advisory body for the Digital Markets Act (DMA) involving those companies subject to enforcement of the regulation a voice, in the context of negotiations over an EU-US trade deal,