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Trump Threatens EU with Tariffs Unless Bloc Boosts US Energy Purchases

by Team Lumida
December 20, 2024
in News
Reading Time: 2 mins read
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man wearing Donald Trump mask standing in front of White House

Photo by Darren Halstead on Unsplash

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Key Takeaways:

Powered by lumidawealth.com
• Trump threatens EU with tariffs unless it increases US oil and gas purchases
• US already supplies 48% of EU’s LNG and 15% of oil imports
• EU signals openness to increased US energy purchases
• Potential 20% blanket tariff on non-Chinese imports at stake

What Happened?

President-elect Donald Trump has issued a direct warning to the European Union via Truth Social, demanding “large scale” purchases of US oil and gas to address trade deficits or face tariff consequences. This comes as the EU has already been exploring ways to increase US energy imports, particularly LNG, as part of its strategy to reduce Russian energy dependence.

Why It Matters?

This development represents a significant shift in US-EU trade relations and energy politics. The EU is already heavily dependent on US energy, with America being the largest supplier of both LNG and oil to the bloc. The threat of tariffs puts pressure on an already delicate trade relationship and could impact global energy markets. The EU’s position is particularly complex given its need to balance trade relations, energy security, and defense cooperation with the US.

What’s Next?

Key developments to watch include the EU’s formal response to Trump’s demands, potential trade negotiations, and the practical feasibility of increasing US energy exports given current capacity constraints. The EU is preparing both cooperative measures and potential retaliatory options. Market participants should monitor US LNG production capacity expansion plans, potential price impacts on global energy markets, and the broader implications for US-EU trade relations. The situation could also affect global energy pricing and supply chains, particularly in the context of existing geopolitical tensions with Russia.

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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018