Politico: EU can’t guarantee Trump’s promised 600 billion in US investment
30 July 15:57
The European Union has admitted that it is unable to guarantee $600 billion in investments in the US economy, despite the statement by European Commission President Ursula von der Leyen during talks with Donald Trump in Scotland.
This was reported byPolitico, "Komersant Ukrainian" reports.
The agreement, signed on July 27, provided for additional European investment in the United States over the coming years. But the very next day, two senior European Commission officials clarified that it was only about private sector investment, over which Brussels has no control. No public funds will be involved.
“The EU as a public body cannot guarantee this. It is based on the intentions of private companies,” said one of the officials.
The European Commission did not introduce any incentives for business and did not make public any clear timeline for investment. One of the officials emphasized that the 600 billion figure was based on discussions with European business associations.
The agreement was triggered by Trump’s trade threat: he had planned to impose 30% tariffs on EU imports on August 1, but after the agreement, he agreed to reduce the rate to 15%.
However, experts are critical of the implementation of the promise – it could undermine domestic investment in the EU, and its implementation depends on unpredictable decisions by private businesses. The EU notes that the current volume of European private investment in the United States already exceeds $2.8 trillion.
