As President Donald Trump touts major trade deals with the European Union, Japan, Vietnam and Indonesia, a vast majority of humanity is yet to sign on with the new paradigm of global trade with the United States.

France and Germany have warned about the economic fallout from the 15 percent tariffs European goods face in the U.S.

The United States has agreed a trade deal with South Korea that will subject South Korean imports to a 15% tariff rate, President Donald Trump said on Wednesday. South Korea will also invest $350 billion in the United States and purchase $100 billion in U.