After BRICS, Donald Trump issues ultimatum to European Union: ‘Buy US oil and gas or face tariffs’
3 days, 18 hours ago

After BRICS, Donald Trump issues ultimatum to European Union: ‘Buy US oil and gas or face tariffs’

Live Mint  

US President-elect Donald Trump has threatened to impose tariffs on the European Union unless they commit to a “large-scale” purchase of US oil and gas. “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. The European Union has steeply increased its US oil and gas purchases amid the Russia-Ukraine war in the past three years. Data from Eurostat also indicated that the US supplied 47% of the European Union's LNG imports and 17% of its oil imports in the first quarter of 2024.

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Trump adds Europe to the list of US trade partners he’s threatening with tariffs
3 days, 11 hours ago

Trump adds Europe to the list of US trade partners he’s threatening with tariffs

Associated Press  

WEST PALM BEACH, Fla. — President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he’s threatening with tariffs — unless the group takes steps to import more U.S. goods. EU Commission spokesman Olof Gill said in reaction to Trump’s post that “we are ready to discuss with President-elect …

'Tariffs all the way!!!' Trump threatens allies in late-night comments
3 days, 18 hours ago

'Tariffs all the way!!!' Trump threatens allies in late-night comments

Raw Story  

Donald Trump threatened to impose tariffs on U.S. allies in an overnight post demanding that the European Union close its trade gap. “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 on Truth Social shortly after 1 a.m. "Otherwise, it …

Trump threatens tariffs if EU doesn’t buy more oil and gas from US
4 days, 5 hours ago

Trump threatens tariffs if EU doesn’t buy more oil and gas from US

Al Jazeera  

EU spokesman says 27-nation bloc, which already buys most US oil and gas exports, open to talks with president-elect. Replying to questions on Trump’s threat on Friday, an EU spokesman said the 27-nation bloc was open to talks, noting that the US also enjoyed “a substantial trade in services surplus vis-a-vis the EU”. Reporting from Brussels on Friday, Al Jazeera’s …

A top mission for Europe’s chief is to cool Trump’s ire toward the EU
3 weeks, 2 days ago

A top mission for Europe’s chief is to cool Trump’s ire toward the EU

Live Mint  

President-elect Donald Trump is known for grandiose statements, a larger-than-life persona and a fondness for unpredictability. The U.S. relationship with Europe will rest in part on whether European Commission President Ursula von der Leyen can cool Trump’s ire toward the European Union. With Trump gearing up for his return to the White House, von der Leyen will start her second …

Can Keir Starmer trade his way around Trump’s tariffs?
3 weeks, 4 days ago

Can Keir Starmer trade his way around Trump’s tariffs?

The Independent  

No one knows for sure how Donald Trump will behave once in office – but the warning signs are all there, if you dare look. When it comes to the UK, Trump’s election win has already put into jeopardy Keir Starmer’s deal to hand over the Chagos Islands – where the UK and US share a major air force base …

'Significant consequences': Major bank comes out swinging against Trump’s latest plan
Trending News
3 weeks, 5 days ago

'Significant consequences': Major bank comes out swinging against Trump’s latest plan

Raw Story  

Critics of President-elect Donald Trump's proposal for aggressive new tariffs were hoping he would back down from that idea — but he announced this week that he plans to move forward as soon as he is sworn into office — and proposed 25% across-the-board tariffs on all goods imported into the United States from Mexico and Canada. "The 25% levy …

EU warned to prepare for early Trump tariff action
1 month, 1 week ago

EU warned to prepare for early Trump tariff action

Politico  

“He’s trying to address that disparity and make our tariff rates more reciprocal,” Shaw said. Finally, the U.S. trade deficit with the EU has risen sharply since Trump’s first term. European leaders should not assume that Trump’s tariff threats are “just a bluff, or that it’s not going to happen,” said Everett Eissenstat, who was deputy assistant to the president …

Europe’s economy faces sink-or-swim moment as Trump returns
1 month, 1 week ago

Europe’s economy faces sink-or-swim moment as Trump returns

Live Mint  

Wall Street’s verdict is clear: A second Trump presidency is likely to deliver a blow to an export-dependent European Union that is struggling with sclerotic economic growth and ever-multiplying political crises. “I want German car companies to become American car companies," Trump said last month while holding a rally in Savannah, Ga. “If you don’t make your product here, then …

Europe cannot rely on Trump’s protection – it must take the lead on defence
1 month, 2 weeks ago

Europe cannot rely on Trump’s protection – it must take the lead on defence

The Independent  

Even if it was through gritted teeth, most world leaders sent warm, boilerplate congratulations to Donald Trump after his decisive victory in the presidential election. British government ministers did their best to play down some embarrassing tweets dating back to Mr Trump’s first term in the White House, stressing the strength of the special relationship. As a result, Mr Macron …

Trump has vowed sweeping tariffs: What comes next?
1 month, 2 weeks ago

Trump has vowed sweeping tariffs: What comes next?

Raw Story  

U.S. president-elect Donald Trump says "tariff" is the most beautiful word in the dictionary -- and the Republican's second term promises sweeping measures on all $3 trillion worth of US imported goods. - When Washington slapped tariffs on 6.4 billion euros worth of European steel and aluminum exports in 2018, the EU retaliated with "rebalancing tariffs" on US exports -- …

Trump Warns of Tariff War with Europe if He Wins
1 month, 3 weeks ago

Trump Warns of Tariff War with Europe if He Wins

India Today  

US Republican candidate Donald Trump has warned the European Union that if they do not buy enough American exports, they will have to pay a big price. Trump has vowed to impose a 10% tariff on imports from all countries and 60% duties on imports from China. These tariffs would hit supply chains throughout the world, likely triggering retaliation and …

EU Readies Measures Against Possible Trump Tariffs
2 months, 1 week ago

EU Readies Measures Against Possible Trump Tariffs

Bloomberg  

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union. The EU wants to avoid a trade conflict with the US, but it will be ready to respond if Donald Trump wins the election and acts on his threat to hit Europe with punitive trade measures. The bloc has prepared a …

US rethinks gas exports, spooking Europe
11 months ago

US rethinks gas exports, spooking Europe

Politico  

The European Union has slashed its intake of Russian gas to less than a third of the 155 billion cubic meters it imported in 2021, according to estimates by the EuroGas trade association. One senior EU official said the bloc’s leadership wouldn’t be drawn into “speculating on potential U.S. cuts in production or supply to the EU,” given that Washington …

EU leaders reach compromise on energy after long debate
2 years, 8 months ago

EU leaders reach compromise on energy after long debate

Associated Press  

BRUSSELS — European Union leaders struggled for hours Friday to find a compromise on a deal aimed at curbing energy prices that have gone through the roof and hurt households and businesses across the 27-nation bloc. Leaders, however, did agree on a proposal from the European Commission to move toward the joint purchase of natural gas and ensuring that the …

U.S., E.U. Announce New Partnership To Undercut Russian Energy
2 years, 8 months ago

U.S., E.U. Announce New Partnership To Undercut Russian Energy

Huff Post  

LOADING ERROR LOADING RUSSELS — The United States and European Union on Friday announced a new partnership to reduce the continent’s reliance on Russian energy, a step top officials characterized as the start of a years-long initiative to further isolate Moscow after its invasion of Ukraine. U.S. President Joe Biden asserted that Russian President Vladimir Putin uses energy to “coerce …

EU clinches US LNG deal in bid to curb reliance on Russian gas
2 years, 8 months ago

EU clinches US LNG deal in bid to curb reliance on Russian gas

Al Jazeera  

The European Union and United States are set to unveil a deal on Friday to supply Europe with more US liquefied natural gas, sources told the Reuters news agency, as the European bloc seeks to quickly curb its reliance on Russian fossil fuels. The invasion of Ukraine by Russia, Europe’s top gas supplier, pushed already-high energy prices to records and …

EU looks to US to help curb reliance on Russian natural gas
2 years, 9 months ago

EU looks to US to help curb reliance on Russian natural gas

Associated Press  

BRUSSELS — The European Union is looking to the United States to help reduce its reliance on Russian energy and will be discussing major shipments of liquefied natural gas over the next two years during a meeting with President Joe Biden on Thursday. EU Commission President Ursula von der Leyen told EU lawmakers Wednesday that she will talk with Biden …

EU to commit to phasing out dependency on Russian energy
2 years, 9 months ago

EU to commit to phasing out dependency on Russian energy

The Hindu  

The European Union is committed to phasing out its dependency on Russian energy as soon as possible to ensure the 27-nation bloc no longer faces difficult decisions about hurting their own economies in geopolitical crises like the invasion of Ukraine. “We agreed to phase out our dependency on Russian gas, oil and coal imports,” said a draft of the summit …

Gas prices: Biden pledges to use ‘every tool at our disposal’ to limit price hikes after imposing new sanctions on Russia
2 years, 10 months ago

Gas prices: Biden pledges to use ‘every tool at our disposal’ to limit price hikes after imposing new sanctions on Russia

CNN  

CNN — President Joe Biden on Tuesday pledged that his administration is using “every tool at our disposal” to limit the effect on gas prices in the US of sanctions he announced against Russia, acknowledging that Americans will likely see rising prices at the pump in the coming months. But as we do this, I’m going to take robust action …

U.S., EU to cooperate on energy security
2 years, 10 months ago

U.S., EU to cooperate on energy security

The Hindu  

The U.S. and European Union said on Friday they are working together to source alternative supplies of natural gas to protect the EU in case key energy supplier Russia retaliates against sanctions. They are “working jointly towards continued, sufficient, and timely supply of natural gas to the EU from diverse sources across the globe to avoid supply shocks, including those …

U.S., Europe plan for any cutoff of Russian natural gas over Ukraine crisis
2 years, 10 months ago

U.S., Europe plan for any cutoff of Russian natural gas over Ukraine crisis

LA Times  

U.S. and European officials are coordinating with natural gas suppliers around the globe to cushion the impact if Russia were to cut off energy supplies in the conflict over Ukraine, Biden administration officials say. The U.S. and its European allies have promised punishing economic and political sanctions if Russia moves its military into Ukraine, but worry about repercussions for Europeans …

Opinion: Europe’s energy crunch is giving Putin the upper hand
3 years, 2 months ago

Opinion: Europe’s energy crunch is giving Putin the upper hand

CNN  

Editor’s Note: David A. Andelman, a contributor to CNN, two-time winner of the Deadline Club Award, and executive director of The Red Lines Project, is the author of “A Red Line in the Sand: Diplomacy, Strategy, and the History of Wars That Might Still Happen” and host of its Evergreen podcast. Vladimir Chizhov, Russian President Vladimir Putin’s tough-minded representative to …

Why Trump’s ‘Buy American’ campaign went nowhere
4 years, 3 months ago

Why Trump’s ‘Buy American’ campaign went nowhere

LA Times  

President Trump speaks at tool manufacturer Snap-on Inc. in Kenosha, Wis., in April 2017 when he signed an executive order on “Buy American, Hire American.” From his earliest days in the White House, President Trump vowed to throw the full weight of the administration behind a “Buy American, Hire American” campaign that would bolster the economy and bring home jobs. …

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