Washington – Trump can't be bluffed. The US president is counting on the $600 billion the Republican negotiated in the tariff dispute with EU President Ursula von der Leyen – and is threatening to take action if the EU doesn't honor its deal!

When asked by a CNBC anchor what the billion-dollar deal was about and what details the agreement contained, Trump responded bluntly:"The details are: $600 billion to invest in anything I want. Anything. I can do anything I want with it." If the promised investments don't materialize, Trump threatens a trade war: 35 percent tariffs on all goods from the EU.

Possible reason: Shortly after the deal was announced, the Wall Street Journal, among others, reported, citing information from several people familiar with the process: Trump wanted to hedge his bets on the billion-dollar promise and asked EU representatives: How can the US be sure that EU companies won't abandon their investment plans?

The EU Commission passed the ball to private companies, stating that, as an authority, it could not guarantee any investments. Brussels is currently working out who exactly will invest and how much.

Tariffs on Indian products because of Russian oil

Trump announced that he would further significantly increase the existing import tariffs on Indian products (25 percent as of August 7). He cited India's extensive purchases of Russian oil, which it then resells at a profit, as the reason."India not only buys vast quantities of Russian oil, but then resells much of it on the open market at huge profits," Trump wrote on his Truth Social platform."They don't care how many people are being killed in Ukraine by Russia's war." Therefore, he would"significantly increase" the tariffs that India pays to the US.

At the same time, Federal Finance Minister Lars Klingbeil is trying to find a solution for the ailing German steel industry in Washington.