Updated
Updated · Bloomberg · Jul 20
EU Expects to Meet $1.35 Trillion Trump Deal Target by 2029
Updated
Updated · Bloomberg · Jul 20

EU Expects to Meet $1.35 Trillion Trump Deal Target by 2029

1 articles · Updated · Bloomberg · Jul 20

Summary

  • $1.35 trillion in commitments agreed with Donald Trump last year are expected to be met by the EU by the end of his term in January 2029, a senior European Commission official said.
  • $750 billion of that total would come from energy purchases, while another $600 billion would be directed into strategic U.S. sectors under the trade deal.
  • The European Commission, which handles the bloc's trade policy, said it is confident the EU can deliver on the targets set in the agreement.
  • The projection signals the EU still sees the transatlantic trade pact as achievable and is framing its spending plans around Trump-era commitments.

Insights

The US-EU trade deal expires in 2029. What happens to the world's largest economic relationship then?
With Europe buying cheaper gas elsewhere, is the EU's $750 billion US energy promise just empty words?
As the EU invests billions in US tech, is it also building a digital wall to keep American companies out?