US EditionFact check: Trump and the case of the nonexistent $600 billion EU ‘gift’
Experts refute Trump's claim, clarifying the $600 billion represents projected European private-sector investments in the US through 2028, not a direct government gift.
- Earlier this month, President Donald Trump told CNBC the EU offered $600 billion as `That's a gift` he could spend freely.
- On Thursday, the EU and the United States published a framework stating European companies are expected to invest an additional $600 billion in the United States through 2028, framing it as investment expectations rather than a handout.
- On Thursday, University of Michigan economist Justin Wolfers said Trump `didn't get a penny` of the $600 billion claim, while White House spokesperson Kush Desai dismissed discrepancies as `pointless nitpicking`.
- Without the formal joint text it was impossible to confirm or deny the president's dramatic claim, and the official summary and Trump's description did not align, leaving the White House in a difficult position.
- Experts caution that Trump's trade tactics risk reducing U.S. manufacturing employment amid transatlantic mutual investment stocks exceeding five trillion dollars.
14 Articles
14 Articles
'That's a gift': Trump's $600 billion boast hilariously unravels as the White House calls reality 'pointless nitpicking'
Donald Trump had an animated discussion with a financial news network about his administration’s trade policies. During the interview, he made a remarkable claim regarding an agreement with the European Union. According to the president, the E.U. had offered the United States a generous “gift” of $600 billion. According to MSNBC, Trump said, “That’s a gift. That’s not like, you know, a loan, by the way. That’s not a loan that, ‘Oh, gee, three ye…
Fact check: Trump and the case of the nonexistent $600 billion EU ‘gift’
Seventeen days ago, President Donald Trump made a dramatic claim in an interview on the business news channel CNBC. As part of his July trade agreement with the European Union, he said, the EU gave the United States a $600 billion present he could spend however he wanted.
'Resignations seem likely': Economist predicts investigation of Trump's $600 billion fail
President Donald Trump's administration has published the terms of the trade deal with the European Union, but some of the promises Trump claimed were coming didn't materialize after all, according to one economics expert.University of Michigan economics and public policy professor Justin Wolfers wr...
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Bias Distribution
- 62% of the sources are Center
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