In the end, Europe found it lacked the leverage to pull Donald Trump's America into a trade pact on its terms and so has signed up to a deal it can just about stomach - albeit one that is clearly skewed in the U.

President Donald Trump announced a trade deal with the European Union on Sunday after EU Commission President Ursula von der Leyen said it took "heavy lifting."

The United States and European Union have agreed on a “joint statement” providing additional details of the trade deal that they announced last month, but the two sides still face weeks or months of additional negotiations to iron out their remaining issues.

A deal between the U.S. and the E.U. will cap tariffs on many E.U. exports at 15%, a sizable reduction from the president's previous threats.