... reflects a compromise that helped avert the introduction of a 30% tariff on European cars by the U.S. beginning August 1. As part of the package, Europe also promised to invest $600 billion into the U.S. economy – directed towards infrastructure, green technologies, and more. Thus, the deal is mutually beneficial: Europe gains guarantees of energy security, while the U.S. expands its markets and attracts capital. Energy Component: The European Union committed to purchasing energy resources from the ...