The White House and the European Union (EU) have issued a joint statement announcing their agreement on the framework of a comprehensive trade deal. According to the statement, the EU will acquire US energy products, with an anticipated commitment of $750 billion by 2028, encompassing liquefied natural gas, oil, and nuclear energy products. Additionally, the EU has pledged to purchase at least $40 billion worth of US AI chips to support the development of European data centers. By 2028, European firms are anticipated to invest an extra $600 billion in strategic sectors within the US. Concurrently, the EU intends to substantially expand its procurement of military and defense equipment from the United States.
