President-elect Donald Trump is threatening to add the 27 countries that make up the European Union to the list of trade partners he'll place tariffs on — unless the group takes steps to import more U.S. goods.
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“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 posted shortly after 1 a.m. on social media. “Otherwise, it is TARIFFS all the way!!!”In 2023, the United States’ trade imbalance with the EU on goods was $209 billion, according to the Census Bureau. There were $576 billion in imports from Europe and $367 billion in exports from the United States.
EU Commission spokesman Olof Gill said in reaction to Trump's post that"we are ready to discuss with President-elect Trump how we can further strengthen an already strong relationship, including by discussing our common interests in the energy sector.” "What we really need to chalk all of this up to is Trump laying the groundwork for future negotiations,” Lincicome said. “This is for better or worse a lot of what we’re going to see for the next four years.”
Scott Lincicome Jean-Claude Juncker Politics Donald Trump World News
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