POLITICO\u2019s reporting team breaks down what we know so far:<\/p>\n
Energy<\/strong>\u00a0<\/p>\n What\u2019s in the deal? <\/strong>As part of the agreement, <\/strong>Trump and von der Leyen agreed that the EU would purchase $750 billion of oil and liquefied natural gas from the U.S. \u2014 a figure that would also include other energy products such as nuclear fuel. That means $250 billion in new energy purchases each year, which the Commission chief said would also help end the EU\u2019s remaining reliance on Russian imports.<\/p>\n Who wins, who loses?<\/strong> In theory, the deal is a huge win for U.S. oil and gas firms. In practice, experts say it\u2019s unworkable. For starters, hitting that target would require the EU to triple its U.S. energy imports, based on last year\u2019s figures, while asking American firms to divert all their energy flows worldwide toward the bloc \u2014 and then some. In comparison, Russia\u2019s total energy sales to the EU totaled just \u20ac23 billion<\/a> last year. Brussels also has limited tools to make that all happen: Imports are firmly in the hands of private firms.<\/p>\n By Victor Jack<\/p>\n Autos\u00a0<\/strong><\/p>\n What\u2019s in the deal? <\/strong>U.S. tariffs on cars and auto parts are being reduced<\/a> to the baseline 15 percent \u2014 a level that matches the deal notched earlier this month by Japanese automakers. In exchange, the EU has agreed to lower its car tariffs from 10 percent to zero, trade spokesperson Olof Gill said. The devil is in the details, however, which remain sparse. Under the U.S.-Japan deal, the Asian country will take vehicles<\/a> approved to U.S. automotive standards. A senior Commission official said the EU deal includes \u201ca commitment to work together \u2026 to see where standards are already aligned or where we need to work more closely to align them in the future.\u201d As POLITICO scooped<\/a>, the executive previously floated the idea of matching U.S. autonomous driving standards, which was mentioned in Monday\u2019s technical briefing as a possibility.<\/p>\n