President Donald Trump said the U.S. deal on tariffs and trade with the European Union includes Brussels’ agreement to buy $750 billion of U.S. energy products over the next three years, but industry analysts say the math doesn’t even remotely add up.

The sharp increase in U.S. trade tariffs on European Union member countries won't trigger immediate sovereign rating cut, but could compound existing pressures, Fitch said on Tuesday.

The energy purchases are a key component of a trade deal struck between the European Union and the U.S. over the weekend.

President Trump has announced a trade agreement with the European Union. CBS News' Olivia Rinaldi and Javier David have details on the deal.

The European Union's trade deal with the United States could cost the pharmaceutical industry between $13 billion and $19 billion as branded medicines become subject to a tariff of 15%, analysts said on Monday.

U.S. agreement, secured by President Donald Trump in Scotland, imposes a 15% tariff on most European goods but does not outline a tariff for the wine and spirits industry.

The U.S. dollar, off to a weak first half of 2025, was strengthening to begin week against a basket of global currencies, gaining ground after this weekend’s U.S.-EU trade deal.