Trump Warns EU: Close Trade Gap With U.S. Or Face Tariffs

Benzinga

U.S. President-elect Donald Trump said he warned the European Union to address its trade gap with the U.S. by increasing oil and gas purchases or face tariffs. Trump posted on Truth Social, emphasizing tariffs if the EU fails to act. The U.S. reported a goods and services trade deficit with the EU of more than $130 billion in 2022. The EU expressed readiness to strengthen ties, noting plans to diversify energy imports away from Russia and the deeply integrated economies with the US.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02U.S. President-elect Donald Trump said he warned the European Union to address its trade gap with

00:06the U.S. by increasing oil and gas purchases or face tariffs. Trump posted on True Social

00:12emphasizing tariffs if the E.U. fails to act. The U.S. reported a goods and services trade

00:17deficit with the E.U. of more than $130 billion in 2022. The E.U. expressed readiness to strengthen

00:24ties, noting plans to diversify energy imports away from Russia and the deeply integrated

00:28economies with the U.S. For all things money, visit Benzinga.com slash GSTV.

Category

Transcript

Comments

Recommended