Trump threatens tariffs if EU doesn’t buy more US oil and gas

  • Posted on December 20, 2024
  • By Business News Today
  • 3 Views
Trump threatens tariffs if EU doesn’t buy more US oil and gas

President-elect Trump threatens EU with tariffs unless they increase purchases of American oil and gas. The EU, anticipating a trade offensive, has prepared countermeasures, including an anti-coercion instrument. Trump's grievances include the US-EU trade deficit and European defense spending. Europe is already a major importer of US LNG and crude oil.
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