Steven Erlanger, chief diplomatic correspondent for The New York Times, speaks to Bianna Golodryga about the new trade deal announced between the European Union and the United States that will see the bloc pay a 15% tariff on most of its trade,

President Trump, by his measure, has won the trade war, hitting his goals without giving up anything in return. But these one-sided deals don’t represent a new trade order, says our chief economics commentator,