The United States and the European Union have agreed on a new trade deal, which envisages, among other things, a zero tariff on US imports to the European markets and a 15% baseline tariff on all EU goods coming to the US, including cars, US President Donald Trump said on Sunday.

“I just want to congratulate you. I think it is great that we made a deal today instead of playing games and maybe not making a deal at all … I think it is the biggest deal ever made,” Trump said at a meeting with European Commission President Ursula von der Leyen in Scotland.

Under the new deal, the EU agrees to purchase $750 billion worth of energy from the United States and “a vast amount” of military equipment, Trump said. The EU will invest an additional $600 billion in the US economy and open up the countries’ markets to trade with the US at zero tariffs.

Source: Sputnik International.

Original photo via Ritzau Scanpix, cropped and slightly enhanced by me.