The European Union's trade agreement with the Trump administration is receiving mixed reviews. EU officials claim they avoided a major economic disaster, but French officials argue the EU didn't leverage its full strength.

The good news is that an all-out transatlantic trade war appears to have been averted. European Commission President Ursula von der Leyen has confirmed the broad outlines of the accord, which appears to be more of a framework than a formal line-by-line agreement.