President Donald Trump shakes hands with European Commission President Ursula von der Leyen, as US Commerce Secretary Howard Lutnick, US Trade Representative Jamieson Greer and White House Deputy Chief of Staff Stephen Miller clap after an announcement of a trade deal between the US and EU in Turnberry, Scotland, on July 27.

The new U.S. trade deal required the EU to balance economic, geopolitical and security concerns. The outcomes aren’t all bad for Europe – but they highlight its inability to become an self-assured player on the global stage.