"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."

Under the proposal described to AFP, the EU would commit to ramp up purchases of US liquefied natural gas, along with other investment pledges.

Trump said the EU will invest $600 billion in the U.S. and buy $750 billion worth of U.S. energy products.

"The biggest piece in the trade deal puzzle still remains, and the Chinese are unlikely to be as willing to fold."

This deal shows how serious President Trump is about renegotiating America's trading relationship with the rest of the world.

S&P 500 futures moved up 0.27% this morning. But the STOXX Europe 600 rose by more than double that in early trading as investors in Europe realized that the pact seems to contain…