Trade
Trump: EU should buy more oil and gas, otherwise there will be tariffs
The US President-elect has already announced new tariffs for Mexico, Canada and China. Now he is threatening Brussels.
US President-elect Donald Trump is urging the European Union to import more oil and gas from the US, otherwise he plans to impose tariffs. The EU should compensate for the “enormous trade deficit,” wrote Trump on the Truth Social platform he co-founded. “Otherwise there will be endless tariffs!!!,” he added. The word tariffs is written in capital letters.
The EU is currently exploring ways to avert a major new trade conflict with the USA. It is a thorn in Trump’s side that European companies sell significantly more goods in the USA than American companies in the EU. The trade deficit in 2022 amounted to 131.3 billion dollars (around 126.4 billion euros). One way to avoid a trade war could be a new deal to expand American exports of liquefied natural gas (LNG).
Trump had already announced far-reaching tariffs during the election campaign. He argues that US companies would then produce more in the USA again and jobs would be created. On his first day in office, Trump plans to impose high import tariffs on all goods from Mexico and Canada as well as additional tariffs on goods from China. Tariffs are a type of surcharge on imported goods. They are due at the border. Tariffs of 25 percent will apply to goods from Mexico and Canada. Additional tariffs of 10 percent will apply to goods from China.
dpa
Source: Stern
