Politico Europe reports:
The European Union has admitted it doesn’t have the power to deliver on a promise to invest $600 billion in the United States economy, only hours after making the pledge at landmark trade talks in Scotland.
That’s because the cash would come entirely from private sector investment over which Brussels has no authority, two EU officials said.
On Sunday, European Commission President Ursula von der Leyen struck a deal with U.S. President Donald Trump to avoid an all-out EU-U.S. trade war. The deal included a pledge to invest an extra $600 billion of EU money into the U.S. over the coming years.
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Here’s the unpaywalled version of our story by @GregSorgi in which the EU admits the $600 bn investment it just promised Trump has to come entirely from the private sector with no state guarantees. https://t.co/viJTyIshbU
— Izabella Kaminska (@izakaminska) July 28, 2025