President Donald Trump announced that the United States has reached a trade deal with the European Union following months of negotiations. The agreement includes the EU agreeing to purchase $750 billion worth of U.S. energy and invest an additional $600 billion in the United States beyond previous commitments. The deal also involves the EU buying hundreds of billions of dollars in U.S. military equipment and committing to purchase substantial amounts of American automobiles. Tariffs on automobiles will be set at 15%, while other sectors will see 0% tariffs as part of an effort to open up trade between the U.S. and EU. The deal was announced at Turnberry and is described by Trump as the biggest trade deal ever reached between the two parties.