The European Commission announced Thursday it has compiled a list of imported goods and items from the United States which could become subject to tariffs.

President Donald Trump said on Friday that the U.S. will maintain a baseline 10% tariff on imports even after trade deals are struck, adding there could be exemptions when countries offer significant trade terms.

President Trump on Thursday announced a new trade pact with Britain that he touted as likely to be just the first of many agreements with countries around the world, as the administration races to mitigate the damage from its global trade war.