A new trade agreement between the U.S. and EU lowers tariffs on European imports to 15%, averting a trade war. This deal, favoring U.S. interests, requires significant EU investment in the U.S. Meanwhile,

"Other trading partners observing these threats will have the same mistrust of the negotiation process," experts argue.

The EU and US are nearing a deal to impose 15% tariffs on most EU exports, but Brussels is preparing €93bn in countermeasures if Trump rejects the agreement.