“As European Union leaders work through the consequences of their new trading arrangement with the US, they are confronting the bitter reality of just how far they have fallen,” Bloomberg reports.“Donald Trump held court on Sunday at one of the golf courses he owns on the Scottish coast, touting the new ballroom he’d had built at the clubhouse and delivering a lengthy tirade on the problems with wind turbines. European Commission chief Ursula von der Leyen had to wait until the US president had finished his round for the day before she got her chance to discuss the transatlantic trade relationship.”“But the terms of that deal will mean a significant hit to European companies —- the EU accepted a tripling of tariffs to 15% on most exports to the US and will keep its own levies on imports from the world’s biggest economy to 1% or less.”