WASHINGTON: US President-elect Donald Trump said on Friday that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world's largest economy.
The EU is already buying the lion's share of US oil and gas exports, according to 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.
This story is from the Kolkata 21 December 2024 edition of Millennium Post Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the Kolkata 21 December 2024 edition of Millennium Post Kolkata.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Bollywood needs new voices, artists from across India
Varun Dhawan said that people in positions of power in Bollywood need to understand the need to change with time
Richa feels like giving up 'every six months'
Chadha and Ali Fazal are promoting their debut production venture 'Girls Will Be Girls'
'Pushpa 2' is most watched film of 2024
The film earned Rs 1,500 crore at the global box office
I am excited to work with Christopher Nolan: Tom Holland
Hollywood star Tom Holland said he is excited to work with Academy Award-winning filmmaker Christopher Nolan for his next movie but doesn't know anything about the project.
Blake Lively accuses Justin Baldoni of harassment & smear campaign
She accused him of embarking on a 'multi-tiered plan' to damage her reputation
Dubai to host India's matches in Champions Trophy
Dubai has been locked in as the neutral venue to host India's matches in the Champions Trophy with a semi-final and the final also to be staged in the UAE if Rohit Sharma and Co qualify for the knockouts.
Second half blitz propels Kerala Blasters to 3-0 win over Mohammedan
Kerala Blasters FC produced a scintillating second-half performance to secure a commanding 3-0 victory over Mohammedan SC in the Indian Super League here on Sunday.
Rohit Sharma should change his tactics, be more attacking batting at No. 6: Shastri
Rohit was expected to reclaim the opener's spot but KL Rahul's 77 in India's win at Perth prompted a rejig of batting order with Rohit moving down to No.6
Mandhana, Renuka blow away West Indies in first ODI
India thrash West Indies by 211 runs in Women's ODI
Root returns to ODI squad for India tour, Champions Trophy
Veteran batter Joe Root's return to 50-over format after more than a year headlined England's squad announcement for the ODI tour to India and the ICC Champions Trophy.
