Trump Warns EU with Tariffs Over Energy Trade Imbalance
Washington, December 21, 2024 – Former US President Donald Trump has issued a stern warning to the European Union, threatening tariffs over what he describes as an unacceptable trade imbalance in oil and gas imports. Trump pointed to the EU’s $208.7 billion goods trade deficit with the US in 2023, urging the bloc to increase its purchases of American energy to help address the disparity.
Speaking at a recent event, Trump criticized the EU for relying heavily on energy imports from other regions while failing to support US energy exports. “The trade deficit is unacceptable. The EU must buy more American energy to balance the scales,” he declared, hinting at potential tariffs on European goods if the situation remains unresolved.
This isn’t the first time Trump has targeted the EU over trade issues, but his latest remarks have reignited fears of a transatlantic trade war. European officials have yet to respond, but analysts predict that any move to impose tariffs could strain relations and disrupt economic ties between the two allies.
As global energy markets remain volatile, Trump’s comments underscore the growing pressure on countries to secure favorable trade deals while balancing domestic economic interests. The situation could escalate in the coming months if a resolution is not reached.