“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.
…
The EU officials said that the estimated $600 billion will add to the EU’s current $2.8 trillion private investments in the U.S. that accounts for approximately 3.4 million jobs.”
https://www.politico.eu/article/eus-600bn-us-investment-will-come-exclusively-from-private-sector