Trump adds EU to list of trade partners he threatens with tariffs

Contributing sentiments towards policy:

63% : "Gill noted that the EU is already "committed to phasing out energy imports from Russia and diversifying our sources of supply.
56% : The volume of LNG going to the EU and UK has tripled since 2021.
52% : More than half of the liquified natural gas imported by the EU and the United Kingdom in 2023 came from the United States, according to the U.S. Energy Information Administration.
48% : "In 2023, the United States' trade imbalance with the EU on goods was $209 billion, according to the Census Bureau.
44% : "What we really need to chalk all of this up to is Trump laying the groundwork for future negotiations," Lincicome said.
43% : The problem with that agreement, as noted by the University of Pennsylvania's Kleinman Center for Energy Policy, is that the U.S. "cannot force companies to send products to a specific region or country" and the EU cannot force its members to buy American fossil fuels.
38% : "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 posted shortly after 1 a.m. on social media.
38% : "Scott Lincicome, a vice president at the libertarian Cato Institute, said it was difficult to parse what Trump was trying to say relative to European trade, given that natural gas exports to the continent are already up after Russia's 2022 invasion of Ukraine.
36% : On Tuesday, Energy Secretary Jennifer Granholm issued a statement based on a new study saying that unfettered exports of LNG could increase prices domestically and increase carbon emissions.
34% : But the European Union lacks a single figure who can make the purchase commitments of natural gas and oil on behalf of its 27 member states that Trump is seeking.
25% : Trump ran for president on the idea that increased oil and natural gas production would reduce costs for U.S. voters who were left frustrated by a 2022 inflationary spike that still lingers.
23% : When Trump threatened Canada and Mexico with 25% tariffs in November, the leaders of both countries spoke with him to try to resolve any tensions.

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