US President-elect Donald Trump delivers a speech at Mar-a-Lago in Palm Beach, Florida, USA on December 16, 2024.
Brian Snyder | Reuters
U.S. President-elect Trump told the European Union on Friday that it must reduce its trade deficit with the United States by buying oil and natural gas or face tariffs.
“I told the European Union that they must make up for their huge deficit with the United States by buying our oil and natural gas on a large scale. Otherwise, it will always be tariffs,” Trump posted on his truth social platform shortly after the 1st: Eastern United States Time: 08:00 am.
according to US dataIn 2022, the country’s trade deficit in goods and services with the EU was US$131.3 billion. Accounting for 19.7% of exports.
Trump threatens sweeping tariffs on U.S. trading partners Includes China, Mexico and Canada It was a signature part of his presidential campaign — and he continues to talk about it as he prepares to take office.
CNBC has contacted the EU for comment.
This breaking news story will be updated soon.
