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Trump Reaches Historic Trade Deal with EU: Europe to Buy $750 Billion in U.S. Energy

By Nick Gilbertson

 

President Donald Trump announced a sweeping trade agreement with the European Union (EU) on Sunday, setting a baseline 15 percent tariff on European imports — including automobiles — while keeping existing 50 percent duties on steel and aluminum in place. As part of the deal, the EU committed to purchasing $750 billion in U.S. energy products.

Trump announced the agreement during a press conference with European Commission President Ursula von der Leyen after a private meeting at Trump Turnberry in Scotland.

The EU will purchase three-quarters of a trillion dollars in U.S. energy, while also investing $600 billion into America on top of existing investments. Additionally, EU countries will be setting tariffs on U.S. goods at zero percent, and Europe agreed “to purchase a vast amount of military equipment,” Trump said…

READ FULL ARTICLE HERE… (breitbart.com)

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