President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap after an announcement of a trade deal between the US and EU in Turnberry, Scotland, on July 27.

Europe's reaction to the EU-US trade deal was rather muted, with France and Hungary heavily criticizing the agreement. Experts say the deal may have geopolitical ramifications and continue Europe's reliance on the US.

White House officials are meeting Chinese officials in Stockholm this week to hammer out more details for a framework between the world’s two largest economies.