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Market
Will the EU formally respond to Trump's trade deficit warning by March 31, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from the European Union or related press releases
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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Similar markets
Increase US oil and gas imports • 25%
Impose retaliatory tariffs • 25%
Negotiate a trade agreement • 25%
Take no immediate action • 25%
Increase imports significantly • 25%
Negotiate a trade deal • 25%
Impose counter-tariffs • 25%
No significant action • 25%
Increase US energy imports • 25%
Negotiate alternative trade terms • 25%
File a WTO complaint • 25%
Do nothing • 25%
Complies with U.S. demands • 25%
Negotiates terms • 25%
Retaliates with counter-tariffs • 25%
Ignores ultimatum • 25%
Support for Trump's stance • 25%
Criticism of Trump's stance • 25%
Neutral stance • 25%
No official response • 25%