12/21/2024

Trump Adds Europe to the List of U.S. Trade Partners He’s Threatening with Tariffs

He is begging the EU to import more U.S. goods

President-elect Donald Trump on Friday added the 27 countries that make up the European Union (EU) to the list of trade partners he's threatening with tariffs — unless the group takes steps to import more U.S. goods.

"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 shortly after 1 a.m. on social media. "Otherwise, it is tariffs all the way!"*

In 2023, the United States' trade imbalance with the EU on goods was $209 billion, according to the Census Bureau. There were $576 billion in imports from Europe and $367 billion in exports from the United States.

Please select this link to read the complete article from The Associated Press.

*Grammatical corrections related to capitalization corrected by OSAP.