President Trump negotiated the biggest and most advantageous trade deal with Europe on July 27, and on August 21, 2025, the United States and European Union issued a joint statement formalizing the “Framework on an Agreement on Reciprocal, Fair, and Balanced Trade.”
The agreement is a landmark achievement, which Trump calls the biggest trade deal in history, and the numbers make that claim at least arguable. The EU has committed to $750 billion in U.S. energy purchases through 2028, $600 billion in new investments in the United States, and expanded procurement of American defense equipment. Together, these $1.35 trillion commitments represent…
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