The EU is already buying the lion's share of US oil and gas exports, as per US government data, and no additional volumes are currently available unless the United States increases output or volumes are re-routed from Asia - another big consumer of US energy.
"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 said in a post on Truth Social.
"Otherwise, it is TARIFFS all the way!!!," he added.
The European Commission said it was ready to discuss with the president-elect how to strengthen an already strong relationship, including in the energy sector.
This story is from the December 21, 2024 edition of Financial Express Hyderabad.
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This story is from the December 21, 2024 edition of Financial Express Hyderabad.
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