India could face sweeping new tariffs under a new trade deal, President Donald Trump said Tuesday. “I think so,” Trump said when asked to confirm reports that India’s tariffs could range between 20% and 25%.

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%.

CK Hutchinson of Hong Kong on Monday said that it plans to add a "major strategic" Chinese investor to its $22.8 billion ports deal with BlackRock, adding that an exclusive negotiating period between the two firms has expired.