President-elect Trump threatens tariffs on EU unless it buys more US oil and gas.

US President-elect Donald Trump threatened to impose tariffs on the European Union unless it increases its purchases of American oil and gas to reduce the trade deficit with the US. Trump's tariff threats aim to address the $202.5 billion trade gap. The US is already Europe's largest supplier of liquefied natural gas, as Europe has reduced its reliance on Russian energy. This threat adds uncertainty for businesses and could impact investment and jobs.

3 months ago
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