Present-elect Trump took to Truth Social today, claiming he will force the European Union to buy U.S oil and gas.
“I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas,” Trump said on Truth Social. “Otherwise, it is TARIFFS all the way!!!”
Trump referred to the EU’s trade deficit of 155.8 billion euros ($161.9 billion) accumulated last year.
Most European oil refiners and gas companies are privately owned, with governments having no influence on their purchasing decisions unless sanctions or tariffs are imposed.
The European Commission has stated a willingness to discuss options within the energy sector. “The EU is committed to phasing out energy imports from Russia and diversifying our sources of supply,” an EU spokesperson said.
By CEO NA Editorial Staff
