With the EU Commission and the White House making contradictory claims about the content of the EU-US trade deal struck on Sunday, industry, markets and governments are eagerly awaiting the release of a 'joint statement' which is set to clarify commitments made on both sides of the Atlantic.

The United States and the European Union agreed on a framework trade deal to end months of uncertainty for industries and consumers.

The trade deal between the European Union and the US is “the lesser evil” as it helps avoid a wide conflict, according to the chief executive of Spain’s largest domestic bank.