Trump Wins 2024 Election; EU's von der Leyen Proposes Replacing Russian LNG with US to Ease Trade Tensions

Nov 8, 2024, 05:35 PM

Donald Trump has been declared the winner of the 2024 US Presidential Election, becoming the President-elect after a landslide victory following the closing of polls on Tuesday, November 5th. European Commission President Ursula von der Leyen has suggested that the European Union consider replacing Russian liquefied natural gas (LNG) imports with those from the United States as a means to improve trade relations and potentially deter President-elect Trump from imposing new tariffs. The proposal aims to reduce European energy costs, as US LNG is reportedly cheaper than Russian LNG. Additionally, the US is currently the world's top LNG exporter, with production expected to double by 2030.