Trump Announces Tariff-Backed Energy Pact with EU

President Donald Trump by Shealah Craighead is licensed under Shealah Craighead

President Donald Trump announced he had reached a 'very powerful' trade deal with the European Union that would lower barriers to U.S. exports and bring new European investments into the U.S.

Trump called it 'a very powerful deal' as well as 'a very big deal. It’s the biggest of all the deals.' He also called it 'the biggest deal ever made.'

Speaking from his Turnberry golf course, Trump said European Union countries would purchase $750 billion of energy from the U.S., and provide an additional $600 billion in U.S. investments. 

'All of the countries will be opened up to trade with the United States at zero tariff, and they're agreeing to purchase a vast amount of military equipment,' Trump added. 'We don't know what that number is.'

It came after Trump inveighed against 'one-sided' trade with Europe as he sat down at his Turnberry golf course with the EU Commission president, while raging against windmills and saying there were prospects for reaching a deal imminently. 

'We wanted to rebalance the trade relations,' said EU Commission Chair Ursula von der Leyen, confirming the agreement while sitting alongside Trump.

Trump flashed his anger when a reporter asked if turmoil over the Jeffrey Epstein story had contributed to the rush to get the deal done. 

'Oh, you've got to be kidding. No – had nothing to do with it. Only you would make that. That had nothing to do with it,' Trump responded.


 

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