Tick .. tock .. tick .. tock ..
Given EU statements on the matter, that Privacy Shield agreement won't be worth a bean if the US don't change their laws to support the concept of privacy as defined in Europe, and the chances of that are lower than Donald Trump becoming polite and sticking to facts.
They know they have only delayed their problems by about a year, so I guess there must be an impressive amount of money flowing to Brussels right now to fund all those lobbyists and expensive dinners. I reckon that may even work as there is plenty of room for negotiation, for example reduced fines for Deutsche Bank. After all, this is politics, not law, as Privacy Shield does very little for end users.