Oil
Forbes - Mar 30th, 2025
Trump Says He’s ‘Pissed Off’ At Putin, Threatens To Bomb Iran And Impose More Tariffs
Trump threatens tariffs on Russian oil over Ukraine ceasefire delays
CNN - Dec 20th, 2024
Trump to Europe: Buy more of our oil and gas or face tariffs
Donald Trump, the president-elect, is insisting that the European Union must significantly increase its purchases of American oil and gas to address the trade deficit. He has warned that failure to do so will result in hefty tariffs, a tactic he has employed in negotiations with other countries. This threat has sparked fears of a trade war and uncertainty in global markets, with experts cautioning that such measures could negatively impact business investments and job security. Despite the U.S. being the largest supplier of liquefied natural gas to Europe, the trade imbalance remains a point of contention. Trump's stance comes amid ongoing geopolitical tensions, particularly due to the war in Ukraine, which has shifted Europe's energy sourcing. As European stocks drop and U.S. markets react, the potential for higher tariffs raises alarms about renewed inflationary pressures worldwide.
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