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

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

Al Jazeera
Friday, December 20, 2024 02:56:57 PM UTC

EU spokesman says 27-nation bloc, which already buys most US oil and gas exports, open to talks with president-elect.

Donald Trump has threatened to levy tariffs against the European Union if the bloc does not buy more oil and gas from the United States, in the latest economic warning from the US president-elect before his inauguration next month.

In a brief post on his Truth Social platform, Trump said he told the EU “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!!!” he wrote.

Trump, who takes office on January 20, has already threatened to impose steep tariffs on some of Washington’s top trading partners, which could send shockwaves across the global economy.

He said last month that he planned to slap 25-percent tariffs on Canada and Mexico if the two countries didn’t do more to stem irregular migration and drug trafficking across their borders with the US.

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