The European Union announced Monday that it will suspend for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week.
I believe by making this concession EU have actually delayed 'the deal' which cited an EU investment into US soil.
As part of the deal, the White House said that the EU “will remove significant tariffs, including the elimination of all EU tariffs on U.S. industrial goods exported to the EU.”
Trump also said that the 27-member bloc agreed to buy $750 billion worth of U.S. energy and invest an additional $600 billion worth of investments into the U.S. above current levels.
CNBC rightly guessed the true intentions of EU behind making this concession:
But it’s not clear who, exactly, would make those investments, or how. The economic bloc does not have the authority to force private companies to buy U.S. oil or American grain.
Did I not mention earlier that these Trump curated 'trade deals' are superficial and will not reach fulfillment especially from the big blocs like EU and big countries like China, Australia, UK etc.
An EU statement on the July deal also stressed that it was a political agreement, and “not legally binding.”
It's enough to suggest the EU bloc did never reach an agreement to make a deal with Trump.