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What will be the impact on US-EU trade relations by December 31, 2025?
2
Resolution / Starting Odds
Improved relations • 25%
No significant change • 25%
Increased tensions • 25%
Trade war • 25%
Trade data from US and EU official sources, news analysis 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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New energy trade deal • 25%
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EU increases energy purchases • 25%
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EU increases purchases of US energy • 25%
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New trade agreement • 25%
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