Trump wants EU to buy more US fuel or face tariffs

Reuters

Washington, Updated At : 09:09 AM Dec 21, 2024 IST

Donald Trump’s victory in the US presidential election drew mixed reactions among ordinary Iranians, with some fearing a heightened risk of war and economic hardship but others hoping his hardline stance might bring political change in Iran. - File photo

US President-elect Donald Trump said on Friday that the European Union, already the biggest buyer of US energy, should step up US oil and gas imports or face tariffs on the bloc’s exports that include goods such as cars and machinery. The EU already buys the lion’s share of US oil and gas exports, according to US government data. No extra volumes are currently available unless the United States raises output or volumes are re-routed from Asia, another big consumer of US energy. “They must make up their tremendous deficit with the US by the large-scale purchase of our oil,” Trump said.

Trump wants EU to buy more US fuel or face tariffs

Reuters

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