00:00We've reached a deal, it's a good deal for everybody, I believe, and it's, I think you were saying this is probably the biggest deal ever reached in any capacity, trade or beyond trade.
00:14It is.
00:15It's a, it's a giant deal with lots of countries, because as you know, Ursula represents a lot of countries, not one country, let's say, and it's not easy for you, that's because a lot of very different countries, great countries, but some are strong with cars, some are strong with agriculture, some are strong with both, right?
00:33You have a lot of different factors.
00:36So we're going to do the following, the European Union is going to agree to purchase from the United States $750 billion worth of energy, $750 billion worth of energy.
00:57They are going to agree to invest into the United States $600 billion more than they're investing already.
01:10So they're investing a large amount of money, you know what that amount of money is, it's very substantial, but they're going to invest an additional $600 billion.
01:22They're agreeing to open up their countries to trade at zero tariff, so that's a very big factor, opening up their countries, all of the countries will be opened up to trade with the United States at zero tariff.
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