Market
What will be the outcome of Trump's EU trade deficit warning by December 31, 2025?
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Resolution / Starting Odds
EU increases purchases of US energy • 25%
Tariffs imposed on EU goods • 25%
Negotiated settlement without tariffs • 25%
No significant change • 25%
Official trade agreements, EU and US government announcements
Story
Trump Warns EU to Address Tremendous Deficit by Buying More US Oil and Gas or Face Tariffs
Dec 20, 2024, 06:30 AM
President-elect Donald Trump has issued a warning to the European Union, stating that it must address its trade deficit with the United States by significantly increasing its purchases of American oil and gas. Trump emphasized that failure to do so would result in tariffs being imposed on EU goods. He described the current deficit as 'tremendous' and highlighted the importance of large-scale purchases of U.S. energy resources to rectify the imbalance. The U.S. is currently the world's leading exporter of liquefied natural gas (LNG) and the largest oil producer, positioning it as a key player in global energy markets. This statement comes amid ongoing discussions regarding transatlantic economic relations and the potential impact of such tariffs on both economies.
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Tariffs imposed • 25%
New energy trade deal • 25%
Trade tensions escalate • 25%
Status quo maintained • 25%
No significant change • 25%
U.S. imposes tariffs • 25%
EU increases energy purchases • 25%
Negotiations lead to compromise • 25%
Trade war • 25%
Increased tensions • 25%
No significant change • 25%
Improved relations • 25%
Other • 25%
Status quo maintained • 25%
Trade tensions escalate • 25%
Trade agreements reached • 25%
Negotiate a trade agreement • 25%
Impose retaliatory tariffs • 25%
Take no immediate action • 25%
Increase US oil and gas imports • 25%
Implemented with full effect • 25%
Partially implemented • 25%
Not implemented • 25%
Withdrawn • 25%
Withdrawn • 25%
Not implemented • 25%
Implemented with full effect • 25%
Partially implemented • 25%
Negotiate a trade deal • 25%
No significant action • 25%
Increase imports significantly • 25%
Impose counter-tariffs • 25%
File a WTO complaint • 25%
Increase US energy imports • 25%
Do nothing • 25%
Negotiate alternative trade terms • 25%
Tariffs implemented • 25%
Tariffs withdrawn • 25%
Mutual agreement reached • 25%
Ongoing dispute • 25%