The White House wants to cut trade deficits and attract foreign investment — but the dollars foreign investors use come from U.S. imports. That means doing both at once may be mathematically impossible. Trade math doesn't lie.

If the White House fact sheet's reference to network usage fees has at least some truth to it, it may refer only to a tentative agreement between Trump and von der Leyen. The overall trade deal, which includes a 15 percent cap on tariffs for most EU exports into the US, is not final, as the European Commission pointed out in its announcement.

President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.

Commerce Secretary Howard Lutnick discusses the significance of the U.S. and EU agreeing to a trade deal on 'Special Report.'

"I think it's the biggest deal ever made," Trump said of the new agreement, which will reduce the bloc's tariff rate to 15 percent.

Trump had most recently threatened tariffs of 30% on imports from the European Union. But on Sunday, he met with the president of the European Commission, and they agreed to a lower level.

President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to iron out a US-EU trade deal. Without an agreement, the EU was due to get hit with a 30% tariff rate on Aug.

The U.S. and E.U. agreed to a framework for a trade deal. Trump hosted the British prime minister at his Scotland golf course. Trump announced U.S. food centers in Gaza. Ghislaine Maxwell called on the Supreme Court to overturn her conviction.