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

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

The Europe trade deal will see the U.S. impose a 15% import tariff on most EU goods − half the threatened rate but much more than Europeans hoped for.