BREAKING: President Trump says the US has reached a trade deal with the EU. The deal includes: 1. Agreement to open up trade at 0% tariff 2. EU to buy up to $750B of US energy 3. EU to purchase “vast amounts” of US auto 4. Tariffs on automobiles reduced to 15% Trump calls this “the biggest deal ever reached.”

The EU is also reportedly set to invest $600 billion in the US as a part of the deal. This comes just days after a deal with reached with Japan. Global trade is beginning to open up again, with more to come. Follow us @KobeissiLetter for real time analysis as this develops.

The terms of the deal outlined above were verbally articulated by Trump. We await the official details and will provide an in-depth breakdown.