(Reuters) -U.S. President Donald Trump said he had just spoken with Treasury Secretary Scott Bessent who told him that he had a very good meeting with Chinese officials in Sweden on Tuesday.

The trade agreement reached between the U.S. and European Union reaffirms an emerging pattern: higher tariffs, purchase commitments, investment agreements—and a lot of confusion.

The president is set to raise taxes on imports arriving from many countries, including Canada and Mexico. That’s on top of the tariffs that the White House has already announced on specific products,

One economist told Newsweek that companies may be wary of "consumer backlash" if they hike prices to mitigate the tariffs' impact.

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."

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

A Trump administration campaign to stop Chinese manufacturers from evading high U.S. tariffs risks clogging global trade with red tape, snarling the supply chains that electronics companies and automakers rely on to produce goods at the lowest cost,