Trump Threatens Tariffs on EU Over Oil and Gas Purchases

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U.S. President-elect Donald Trump has escalated his rhetoric towards the European Union, threatening to impose tariffs if the bloc does not purchase more oil and gas from the United States. In a post on his Truth Social platform, Trump declared, “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. Otherwise, it is TARIFFS all the way!” Trump’s threat comes as part of his broader campaign promise to adopt a more protectionist stance in U.S. trade policy.



The EU, which already imports a significant amount of energy from the U.S., responded through European Commission Spokesperson Olof Gill, who stated that the bloc remains open to negotiations. Gill emphasized the EU’s commitment to diversifying its energy sources, especially as it moves away from Russian imports, suggesting a potential alignment with Trump’s demands on energy.

This new pressure from Trump adds a layer of uncertainty to EU-U.S. relations, which have historically been characterized by strong economic ties. The European Union’s response indicates a willingness to engage, but also hints at preparations for potential retaliatory measures, such as counter-tariffs, if talks stall.



The backdrop to this development includes a recent EU trade deal with four South American countries, which highlights a shift towards economic diversification amid Trump’s threat of isolationist policies. While some analysts view Trump’s tariff threats as a negotiating tactic, there is concern over their impact on the EU’s already vulnerable economies and the potential for a full-scale trade war.

As Trump prepares to take office in January 2025, these tensions may reshape the landscape of global trade, making the outcome of these negotiations pivotal for both the U.S. and the EU.

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