President-elect Trump has threatened the EU with new tariffs if they do not significantly increase imports of American oil and gas, highlighting existing trade tensions.
Trump stated, 'I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,' which emphasizes his confrontational approach to trade.
The EU is looking to avoid trade conflict, stating through the European Commission that it is open to discussions about strengthening relations with the US.
With a goods trade deficit of $161.9 billion with the EU, Trump’s strategy may change the landscape of international trade, especially regarding energy imports.
Collection
[
|
...
]