00:00We've reached a deal. It's a good deal for everybody, I believe, and it's, I think you were saying this
00:10is probably the biggest deal ever reached in any capacity, trade or beyond trade.
00:14It is. It's a giant deal with lots of countries because, as you know, Ursula represents a lot of countries,
00:22not one country. It's not easy for you because it's a lot of very different countries, great countries, but some
00:29are strong with cars, some are strong with agriculture, some are strong with both, right? You have a lot of
00:34different factors.
00:36So we're going to do the following. The European Union is going to agree to purchase from the United States
00:49$750 billion worth of energy, $750 billion worth of energy.
00:58They are going to agree to invest into the United States $600 billion more than they're investing already. So they're
01:11investing a large amount of money. You know what that amount of money is. It's very substantial.
01:18But they're going to invest an additional $600 billion. They're agreeing to open up their countries to trade at zero
01:30tariff. So that's a very big factor, opening up their countries. All of the countries will be opened up to
01:38trade with the United States at zero tariff.
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