Market
How will the EU respond to Trump's tariff threats by Mar 31, 2025?
2
Resolution / Starting Odds
Increase US oil and gas imports • 25%
Impose retaliatory tariffs • 25%
Negotiate a trade agreement • 25%
Take no immediate action • 25%
Official statements from the European Union or major news outlets
Story
President-elect Trump Tells EU: Buy US Oil and Gas or 'Tariffs All the Way'
Dec 20, 2024, 09:11 AM
US President-elect Donald Trump has threatened the European Union with tariffs if its member countries do not purchase more American oil and gas to reduce the trade deficit between the two economies. In a statement posted on Truth Social on December 20, 2024, Trump said he told the EU they must "make up their tremendous deficit with the United States by the large-scale purchase of our oil and gas. Otherwise, it is tariffs all the way." The US is the world's largest oil producer and leading exporter of liquefied natural gas (LNG).
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Similar markets
Negotiate alternative trade terms • 25%
Increase US energy imports • 25%
Do nothing • 25%
File a WTO complaint • 25%
Negotiate a trade deal • 25%
No significant action • 25%
Impose counter-tariffs • 25%
Increase imports significantly • 25%
Trade agreements with other nations • 25%
Increased defense spending • 25%
No significant response • 25%
Economic sanctions • 25%
Other • 25%
Seek diplomatic negotiations • 25%
No significant response • 25%
Impose retaliatory tariffs • 25%
No response • 25%
Retaliatory tariffs • 25%
Negotiations initiated • 25%
Other economic measures • 25%
Other • 25%
Negotiate with U.S. • 25%
Impose retaliatory tariffs • 25%
Seek WTO intervention • 25%
Other response • 25%
Condemnation • 25%
Support • 25%
Neutral stance • 25%