U.S. President Donald Trump's recent executive order only sets out his so-called "reciprocal" tariff for the EU at 15% and does not apply to cars and other agreed carve-outs, EU officials said on Friday,

Discrepancies between the two sides' version of the deal have emerged, and key details of the agreement are yet to be negotiated.

President Donald Trump announced a new trade agreement with the European Union, bringing an end to months of uncertainty by setting a 15% tariff rate on EU imports to the United States. European Commission President Ursula von der Leyen said in a statement that the pact “will bring stability” and “predictability,