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

INVESTING
December 20, 2024
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(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.

INVESTING
January 27, 2025
71 views

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…

INVESTING
January 27, 2025
69 views

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…