Neither of them are acting like good partners right now, thus the trade disputes. Smart money has to be on the US getting a less crazy leader sooner than China stops pursuing its long-standing mercantilist ideas.
Maybe I'm not understanding what you mean by a broad trade deal? As of 2023, a large majority of imports from the US and close to a majority of imports from China were tariff-free. (https://ec.europa.eu/eurostat/statistics-explained/index.php...) The remainder are on goods that the EU doesn't want entirely free trade in for some reason or another. I could definitely imagine a scenario where China follows in Trump's footsteps and bullies the EU into pushing their tariff-free percentage higher, but I wouldn't call that broad and wouldn't expect it to produce radical shifts in the import-export activity of EU businesses.
Maybe I'm not understanding what you mean by a broad trade deal? As of 2023, a large majority of imports from the US and close to a majority of imports from China were tariff-free. (https://ec.europa.eu/eurostat/statistics-explained/index.php...) The remainder are on goods that the EU doesn't want entirely free trade in for some reason or another. I could definitely imagine a scenario where China follows in Trump's footsteps and bullies the EU into pushing their tariff-free percentage higher, but I wouldn't call that broad and wouldn't expect it to produce radical shifts in the import-export activity of EU businesses.