I find this funny http://www.bbc.co.uk/news/technology-36619416
The EU and US have agreed the final changes to a new data protection agreement known as the EU-US Privacy Shield. The agreement is designed to replace the Safe Harbour pact, which the EU Court of Justice ruled invalid in 2015.
One key change is a commitment from the White House regarding bulk collection of data sent from the EU to the US. The UK's Information Commissioner said a post-Brexit UK may have to adopt EU data protection rules to trade with it. If approved by the EU member states, the pact could take effect in July.
Friends don't usually spy on each other let alone make agreements.