Europe’s pledge to spend $750 billion on American energy is a centerpiece of the trade agreement Washington and Brussels reached over the weekend. That commitment may be more aspirational than realistic, The Wall Street Journal’s Georgi Kantchev and Ed Ballard write.

The bloc agreed to buy $250 billion worth of U.S. oil, natural gas and nuclear fuel for three years as part of the deal setting baseline U.S. tariffs at 15%. That would mean the EU would have to more than double the amount of American energy it bought last year, while the U.S. would have to significantly ramp up exports. It isn’t clear whether U.S. companies are capable of hitting that target. Liquefied natural gas terminals, for one, already are working near full capacity. Expanding them will take years. 

On the European side, LNG re-gasification and pipeline networks would require pricey expansions. Brussels also can’t dictate to private companies where they buy their energy, which means the firms would need to be persuaded to give priority to a political directive over market trends.

• WSJ VIDEO: Reporter Kim Mackrael explains what we know about the U.S.-EU trade deal so far and what comes next.
• The deal, widely seen as a victory for President Trump, came after European officials gave up on trying to avoid tariffs altogether and instead looked for the best agreement they could get. (WSJ)
• Facing backlash over its trade deal, Japan said $550 billion in funding for U.S. industry touted by the White House would be almost entirely loans and loan guarantees. (WSJ)
• The Court of International Trade denied an effort to restore the de minimis tariff exemption for packages from China and Hong Kong. (Bloomberg)
• Bangladesh has ordered 25 Boeing aircraft and increased imports of U.S. goods to try to defuse trade tensions and reduce new U.S. tariffs. (Reuters)
• South Korea is considering investing $400 billion in U.S. shipyards ahead of the Aug. 1 tariff deadline. (TradeWinds)
• U.S. importers are being required to put up more bond protection to cover anticipated tariffs. (Journal of Commerce)

• Ireland’s economy contracted in the three months through June following a first-quarter surge, and faces an uncertain future as U.S. tariffs rise. (WSJ)

CK Hutchison Holdings is in talks with a BlackRock-led group to bring a Chinese strategic investor into a $23 billion global ports deal. Exclusive talks with the consortium expired Sunday and Hong Kong’s Hutchison said yesterday it was in negotiations with an unnamed investor from mainland China, the Journal’s P.R. Venkat writes.

Earlier this month, the Journal reported that Beijing was pushing for state-owned Cosco to be an equal partner and shareholder in more than 40 ports around the world, including two on the Panama Canal, with BlackRock and Mediterranean Shipping Co., or MSC. The original deal would put the U.S. in control of two ports Trump identified as a security concern because of their Chinese connections, adding to tensions between Washington and Beijing.

To see the future of grocery shopping, go to Europe. Prices at one Norwegian chain, for instance, can change up to 100 times a day to match or beat competitors, WSJ’s Jennifer Williams writes.

The prospect of such “dynamic pricing” for life’s necessities already is raising fears of surge pricing in the U.S., where electronic shelf labels are recently starting to come into use. Lawmakers have written to one big chain about their concerns and others have sought to limit or ban the electronic tags.

Grocers say they don’t plan surge pricing, and fears may be overblown, with a recent study showing no evidence of demand-based pricing in the U.S. One researcher notes it is hard to detect real-time demand surges for goods in store aisles, and retailers know shoppers would go elsewhere if prices go up before their eyes.

Samsung Electronics will manufacture artificial-intelligence chips for Tesla in Texas under a $16.5 billion multiyear deal. (WSJ)

Audi cut its full-year guidance as U.S. tariffs, restructuring costs and weak market trends hold back sales. (WSJ)

The European Commission said Temu hasn’t done enough to assess the risks of illegal products being sold online. (WSJ)

The European Commission will probe Abu Dhabi National Oil Co.’s $13.74 billion acquisition of German chemical company Covestro over subsidy concerns. (WSJ)

DAT Freight & Analytics said in a news release that it agreed to acquire Flexport’s Convoy Platform, which automates freight matching and transactions.

Yemen’s Houthi militants say they will target merchant ships belonging to any company that does business with Israeli ports, regardless of nationality.(Associated Press)

The California Air Resources Board will change part of its clean-trucks law to allow manufacturers to transfer zero-emission vehicle credits between states that adopted the rules. (Transport Topics)

A new Bed Bath & Beyond Home store opening in Nashville next month will honor old coupons from the home-goods store’s previous incarceration. (Retail Dive)

Mark R. Long is editor of WSJ Logistics Report. Reach him at mark.long@wsj.com. Follow the WSJ Logistics Report team on LinkedIn: Mark R. Long, Liz Young and Paul Berger.