Donald Trump emphasized the need for the EU to significantly increase its imports of US oil and gas to address the growing trade deficit, warning 'it is TARIFFS all the way!!!' if the bloc does not comply.
The EU expressed willingness to engage in discussions with President-elect Trump, indicating their interest in strengthening ties and finding common ground in the energy sector, despite Trump's tariff threats.
Olof Gill, an EU spokesman, highlighted the EU's readiness to negotiate further with the US, noting the importance of their already robust relationship and significant service trade surplus enjoyed by the US.
Current data shows that the EU is already the largest buyer of US oil and gas exports, with the modification of volumes dependent on increased US production or changes in sourcing from Asia.
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