Discrepancies between the two sides' version of the deal have emerged, and key details of the agreement are yet to be negotiated.

EU Ambassador Jovita Neliupšienė discusses China, Russia, U.S. ties and the 'existential' issue of security with Newsweek.

The European Union’s real work is only just beginning as the sun sets on US President Donald Trump’s trade-deal deadline later tonight. The framework agreement announced earlier this week between the bloc and White House has yet to be turned into a legally-binding accord.

In the end, President Donald Trump got exactly what he wanted. The 120 days since Trump’s Rose Garden “Liberation Day” announcement rocked financial markets weren’t exactly pretty. From the Washington to Wall Street and across foreign capitals far and wide,

We were not feared enough.” He was speaking three days after Ursula von der Leyen, the European Commission’s boss, had agreed a one-sided trade deal with President Donald Trump at his Turnberry golf course in Scotland.

Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many,” Trump wrote. He did not provide specifics. Meanwhile, time is ticking for other countries to strike a trade deal or face higher tariff rates.