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

The European Union and the US have announced a political agreement that will completely reset the €1.7 trillion ($2 trillion) transatlantic trade relationship.

The U.S.-EU trade agreement imposes 15 percent tariffs on most European imports, avoiding the 30 percent levies that President Trump had threatened. Critics argue the deal disproportionately favors