European Union negotiators are closing in on a trade deal with U.S. President Donald Trump that would cement higher tariffs than those granted to the UK, the Financial Times reported on Wednesday.

"The conversation with President Trump can definitely help advance that result which we are all hoping for," Israeli leader Benjamin Netanyahu said on Sunday.

Trump's current odds for winning the Nobel Peace Prize range between 17/2 (10.5 percent) and 6/1 (14.3 percent) across several major sportsbooks, according to the betting website Oddschecker, placing him as the second favorite for bookmakers.

(Reuters) -Israeli Prime Minister Benjamin Netanyahu has nominated U.S. President Donald Trump for the Nobel Peace Prize, the highest profile international award given to an individual or organization deemed to have done the most to "advance fellowship between nations.

The Israeli leader said in the letter that he was nominating him for his role in the 2020 Abraham Accords, which established normalized diplomatic relationships between Israel and the nations of Morocco,

President Donald Trump has sent letters to 14 countries outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1

President Donald Trump on July 7 threatened to impose 25 percent tariffs on Japan and South Korea, and levies as high as 40 percent on 12 other countries, if they did not reach a deal by Aug. 1.

U.S. President Donald Trump on Monday reiterated that countries that don't make trade deals with the United States will get letters, informing them of the tariffs they will be charged if they export products to the United States.