It looks to me like they’re trying to make the best out of a bad situation. There’s more tariff now on EU goods, but it may keep the US involved in Ukraine while the concessions made on the EU side aren’t massive in the grand scheme of things.

At the same time this deal says to everyone who’s looking “We try, despite our differences”, which makes it rather difficult to paint the EU as the bad guy if he reconsiders.

At the end of the day what the EU wants to be internationally is a reliable partner. That’s what trust is built on.