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Outcome of EU-U.S. trade negotiations on LNG and tariffs by 2025?
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European Commission•Ursula von der Leyen•European Union•Russian•United States•Europe•Donald Trump•EU•Von der Leyen•American•Trump
Resolution / Starting Odds
Increased LNG imports, no tariffs • 25%
Increased LNG imports, tariffs imposed • 25%
No change in LNG imports, no tariffs • 25%
No change in LNG imports, tariffs imposed • 25%
Official announcements from the European Commission or U.S. government
Story
EU Chief Proposes U.S. LNG to Replace Russian Gas, Deter President-elect Trump's Tariffs
Nov 8, 2024, 05:53 PM
European Commission President Ursula von der Leyen has proposed that the European Union should replace its imports of Russian liquefied natural gas (LNG) with LNG from the United States. She suggests this move could reduce energy costs in Europe and potentially deter U.S. President-elect Donald Trump from imposing new tariffs on the EU. Von der Leyen highlighted that the United States is now the world's top LNG exporter and that its production is expected to double by 2030. She believes that increasing imports of cheaper American LNG could serve as common ground in trade negotiations with Trump.
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