Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

The agreement under negotiation to settle a customs dispute between the European Union and the United States is only a few pages long, senior EU lawmaker Bernd Lange has said. The possible framework agreement is "a relatively limited paper,

The EU is aiming for a July 9 deal, which would include a 10 percent baseline tariff. Trump has threatened to impose 50 percent tariffs if no deal is reached.