Market
What will be the EU's primary response to Trump's tariff threat by June 30, 2025?
2
Resolution / Starting Odds
Increase US energy imports • 25%
Negotiate alternative trade terms • 25%
File a WTO complaint • 25%
Do nothing • 25%
Official EU statements, news reports from reputable sources
Story
Trump Warns EU: Buy US Oil and Gas or Face 'Tariffs All the Way'
Dec 20, 2024, 06:46 AM
President-elect Donald Trump has threatened to impose tariffs on the European Union unless it reduces its trade deficit with the United States through large-scale purchases of American oil and gas. In a statement posted on Truth Social on Friday, Trump said he told the EU they must make up their 'tremendous deficit' with the US by buying American energy exports, warning that 'otherwise, it is tariffs all the way.' The U.S. is currently the world's largest exporter of liquefied natural gas (LNG) and the biggest oil producer. Trump's ultimatum could escalate trade tensions with the EU ahead of his inauguration.
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Increase US oil and gas imports • 25%
Negotiate a trade agreement • 25%
Take no immediate action • 25%
Impose retaliatory tariffs • 25%
No significant action • 25%
Impose counter-tariffs • 25%
Negotiate a trade deal • 25%
Increase imports significantly • 25%
Diplomatic negotiations • 25%
Retaliatory tariffs • 25%
Other measures • 25%
Increased border security • 25%
No response • 25%
Negotiations initiated • 25%
Retaliatory tariffs • 25%
Other economic measures • 25%
Trade agreements with other nations • 25%
No significant response • 25%
Economic sanctions • 25%
Increased defense spending • 25%
Retaliates with counter-tariffs • 25%
Ignores ultimatum • 25%
Negotiates terms • 25%
Complies with U.S. demands • 25%
No action • 25%
Retaliatory tariffs • 25%
Other • 25%
Negotiations • 25%
EU takes no action • 25%
EU seeks diplomatic resolution • 25%
Other response • 25%
EU imposes counter-tariffs • 25%
Support • 25%
Other response • 25%
Neutral stance • 25%
Condemnation • 25%
No significant response • 25%
Other • 25%
Diplomatic negotiations • 25%
Retaliatory tariffs • 25%