'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum
'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum
Donald Trump made threats of sweeping tariffs on U.S. trading partners a key part of his presidential campaign.
Summary
Donald Trump has demanded the European Union reduce its $131.3 billion U.S. trade deficit by purchasing more American oil and gas or face tariffs.
Trump’s comments, posted on Truth Social, come as the EU works to phase out Russian energy imports and diversify suppliers.
EU officials, while open to U.S. energy imports, criticized Trump’s approach as transactional, warning of potential retaliation.
Analysts highlight risks of tariffs to inflation and global trade. The EU plans to engage pragmatically but has prepared for heightened U.S. protectionism under Trump’s leadership.
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He still thinks a trade deficit is bad.
Goddamn
Even dumber, he thinks a trade deficit means someone owes the US money.
And people actually believe him.