Trump says EU should make up ‘tremendous deficit’ with US by purchasing its oil and gas

(Reuters) – U.S. President-elect Donald Trump said on Friday that the European Union must purchase U.S. oil and gas to make up for its “tremendous deficit” with the world’s largest economy, or face tariffs.

“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,” Trump said in a post on Truth Social.

“Otherwise, it is TARIFFS all the way!!!,” he added.

This post is originally published on INVESTING.

  • Related Posts

    Oil falls after Trump reverses Colombia sanctions threat

    By Anna Hirtenstein LONDON (Reuters) -Oil prices wavered on Monday after the U.S. and Colombia reached a deal on deportations, reducing immediate concern over oil supply disruptions but keeping traders…

    Dollar gains on tariffs fears; euro looks to ECB meeting

    Investing.com – The US dollar slipped lower Monday, rebounding after recent losses as attention returned to the potential for trade tariffs from the Trump administration at the start of a…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    ESMA Pushes Social Media Giants to Address Unauthorised Financial Ads

    • May 28, 2025
    ESMA Pushes Social Media Giants to Address Unauthorised Financial Ads

    Finfluencers Telling You What to Trade? UAE Says Not Without a Licence

    • May 28, 2025
    Finfluencers Telling You What to Trade? UAE Says Not Without a Licence

    Traders Stay on Platform as Spotware Refines Referrals with cTrader Invite Integration

    • May 28, 2025
    Traders Stay on Platform as Spotware Refines Referrals with cTrader Invite Integration

    Loonie Loses Ground As Trade War Continues. Forecast as of 28.05.2025

    • May 28, 2025
    Loonie Loses Ground As Trade War Continues. Forecast as of 28.05.2025