After the US-UK trade deal, aerospace industry officials urged the White House to use it as a template for future trade negotiations. GE's Culp and Delta Air Lines CEO Ed Bastian mentioned the deal as a template to follow. The agreement stops short of restoring the whole 1979 agreement and focuses on the single largest aerospace markets.

The EU and US have struck a last-minute trade agreement that averts a major tariff hike but leaves European leaders divided over the cost of compromise.

A new trade deal imposing 15% tariffs on EU imports to the U.S. currently excludes the wine and spirits industry. Spirits stocks reversed early gains Monday as uncertainty around their tariff exposure seeped in.

The EU, a group of countries with shared economic interests, exports about $2 trillion worth of goods to the U.S. The 27 countries had hoped for a lower tariff of 10%, similar to the deal Trump negotiated with the U.K. and well below the original threat of 30% tariffs, but most analysts expected something closer to 15%.

President Trump’s first-term ambassador to the European Union, Gordon Sondland, brushed off concerns on Sunday about higher prices for Americans following news of the U.S.-EU trade deal, which set tariffs at 15 percent on European goods.

Investors will not be able to look away over the coming week as every single day could produce significant market-moving news.

The 15% tariff would be lower than previously threatened but remains a high duty on America’s largest trading partner.