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Malmstrom, the trade commissioner, has said. Jean-Claude Juncker, the commission president, is set to visit Washington next week for talks with Mr. Trump focusing on trade. By opening up new markets, Europe wants to at least lessen the blow. But Mr. Schmieding of Berenberg estimated that, if the European Union succeeded in negotiating a spate of trade deals, they would add up to maybe one-third of the American market. Trade between Europe and Japan is only one-fifth of Europe’s trade with the United States. Mr. Fagundo, the shoemaker from Seville, also sells his products to American customers online and has not had any problems yet.

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$88 Million and Counting: Trump Amasses Huge Head Start for 2020 Campaign

Trump’s campaign and the two joint committees — Trump Victory and Trump Make America Great Again — have continued spending aggressively to cultivate donors through both online list-building targeting small donors and fund-raising events for big donors. The largest donation in the second quarter came from Andrew Beal, a Texas-based banker who once squared off against Mr. Trump in a bankruptcy case. He donated $339,000 to Trump Victory. The committee received $169,500 from the real estate developer Stanley Chera. Mr. Chera partnered with the company owned by the family of Mr. Trump’s son-in-law, Jared Kushner, on a $1 billion deal to sell the retail space at 666 Fifth Avenue in Manhattan. The three Trump committees raised more than $17.7 million from the beginning of April through the end of June, the period covered in Sunday’s reports. That was the second-largest quarterly haul since he took office, though it was a drop of nearly $2.5 million from the preceding quarter.

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