The trade deal struck last week between the United States and Britain is probably not going to serve as a template for a trade agreement between the U.S. and the European Union, Lithuania's Finance Minister Rimantas Sadzius said on Tuesday.

China hailed a trade agreement with the U.S. that will see both sides sharply reduce their tariffs for 90 days, calling it an "important step" that could lead to "deepening cooperation" between the world's two largest economies.

Simply sign up to the Chinese trade myFT Digest -- delivered directly to your inbox. China has criticised a trade deal between the UK and US that could be used to squeeze Chinese products out of British supply chains,