So let's call it a framework, shall we?

From American Public Media.

This is Marketplace.

In Los Angeles, I'm Kyle.dall Monday, today, 28 July.

Good as always to have you along, everybody.

There are some big picture things that we know about the trade framework that President Trump

and European Commission President Ursula von der Leyen announced over the weekend.

We know American consumers are going to be paying an extra 15% on roughly

three quarters of everything we import from Europe. We know the EU says it's going to increase

its investment in this economy by $600 billion, details as yet unclear. And we know the

EU is promised to buy $750 billion worth of U.S. energy over the next three years.

750 billion is indeed a big promise.

But as Marketplace's Elizabeth Trowal reports, it's not at all clear how much the EU-US energy relationship is really changing.

Europe's promise to buy $250 billion in U.S. energy every year for the

next three years is more of a renewal of vows than the first date. The U.S. and EU got serious

about energy after the invasion of Ukraine, says Matthew Zarikosa Watkins with UC Davis.

When sanctions were imposed on Russian imports of natural gas and coal, the U.S. stepped up and started exporting a lot more by two minutes coal to Europe,

essentially filling a lot of the void that was left over. The same is true in LNG.

So when we talk about $250 billion a year, more than doubling the size of existing U.S.

energy exports to Europe, Gregory Brew with Eurasia Group says,

It's not feasible.

But even if it's exaggerated, he says, the announcement does solidify a growing energy relationship, especially around natural gas.

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