Trump says EU must buy $350B of US energy to get tariff relief
Trump says EU must buy $350B of US energy to get tariff relief
Summary
Trump has rejected the EU's "zero-for-zero" tariff offer on cars and industrial goods, demanding instead that the bloc commit to purchasing $350 billion of American energy to offset the trade deficit.
Following his implementation of 20% tariffs on EU goods last week, which triggered significant market downturns, Trump indicated openness to negotiations while emphasizing his "America First" stance.
He also criticized EU product standards as "non-monetary barriers" designed to block American exports.
The EU are currently trying the carrot (offering zero for zero), Next comes the stick (targeted import and export tarrifs).. it would hurt the EU, but cripple the US.
Just tariff cloud stocks, watch everything crumble.
EU should target the services. US exports services like google, meta etc than goods. If that happens, US goes to depression.
That one could be trickier as many Europeans work for the US big service companies ( Microsoft, Google etc..)
I don't live anywhere in the northern hemisphere and I can't say I know much about economy and international affairs. Which targeted tariffs you think the EU will impose that will cripple US?
I personally am loving the non-tarrif retaliation by China on the US. Basically banning exports to the US of critical minerals that only they produce. Love to see it.
EU tariffs alone would not be that painful on their own, but add in Asian tarrifs and perhaps some South American numbers... maybe bring the penguins in too.
They should say "okay but only green energy, no oil or gas"
I guarantee that all of a sudden the only energy the USA produces would be green. (According to the USA)
That's why they want Greenland.
Sounds like there won't be any good faith negotiations with the US.
This sounds like BS, does the US even have enough capxitt or export $350 billion worth of energy (oil, LNG?).
Even I can sell $350B worth of energy if I increase the price enough.
That is one expensive AAA battery.
But he said the tariffs were permanent. This was not a 'negotiating' tactic. Oh wait, he fucking lied, like he does every time he breathes. This is the "art of the deal", AKA the bad deal. What an idiot bully con man. President Felon.
They basically are permanent if his alternative is the EU buying the entire GDP of Finland in extra LNG every year
What nobody realized is that the "art" in "art of the deal" was one of those modern "monkey threw feces at the wall" type of art pieces.
The Shart of the Deal.
Just say no EU. The more he hears the word the more it will drive home how wrong he is. Of course his type is incapable of admitting that they are wrong.
He also criticized EU product standards as “non-monetary barriers” designed to block American exports.
lol, lmfao even
product standards exist for a reason.
They don't need $350B of US energy. why not sell something they need instead for forcing your customer to eat "McDonald's" when they don't need or want to.
Might as well force penguins to buy ice cube and snow made in US.
Honestly, pressuring someone into a purchase is how they start to think that maybe your products aren't worth their perceived value. Otherwise, why the hard sell?
Art of the deal, my ass. I wonder if he can even feel embarrassment or if he simply hides it behind his "masterful leader" persona.
I'm pretty sure he knows they don't need it and that that's the point. He's probably trying to force to buy stuff they don't need in addition to the stuff they need, which they'll buy anyway.
how about no, fuckface
Wait, wait, wait.
Trump, under the direction of parties unknown, is trying to force the EU to buy U.S. energy resources, and that’s the linchpin of his trade war with them?
Is he trying to give Europe a nudge back to Russian oil supplies?
If you’re a (western) European leader returning to Russian energy is at best shortsighted amnesia, at worst blatant malfeasance. There’s several reasons to not go back to Russia:
- Official legal based sanctions on Russian energy
- Ukrainian drone based ‘sanctions’ on Russian energy
- Russia’s track record of energy blackmail/hybrid warfare
- LNG and oil production available in your EEZ/the EU, albeit at higher cost than imported
- Domestic solar, hydro, and wind manufacturing/generation is ramping up
- French nuclear energy exports
- Domestic politics ie. voters turning against Russian imperial aggression/expansionism
Eastern Europe has a slightly different incentive mix, but there’s still a lot of reasons to not
Most of these are not really a problem though, even less for the kind of psychos that run the EU. Sanctions can be lifted, and Ukraine shouldn't be able to do much against both Russia and the EU. While renewables and nuclear are increasing, Russian energy could help until they are 100% ready. Voters won't do much if they are told "see, the US is trying to scam us, and in these trying times we've struck a deal with Russia and you'll be paying less for power and heat".
The problem with striking a deal with Russia is that it's not the most reliable partner right now (your 3rd point), but the people in charge can ignore the rest and have no problems sleeping.
Edit: this is not a defense of Russia but a critique of the powers that be in the EU.
Or y'know, give Canada somewhere else to sell theirs.
Wait, isn't this just extortion? Smashing in a shop's windows and telling the owner if he wants to put in new ones he needs to pay the guy with the bat first.
Always has been.
Amerikkka can fuck off.
Ah, so now they are begging for money. Hard no, pass, skip, forget it, we're good thanks.
" I fully share your loathing of European free-loading. It's PATHETIC.”
Ues, becoming energy dependent on this belligerent administration sounds like a great idea
Fuck Trump. Buy nothing from us. Tell yur leaders fuck not and burn down the country if they do.
Ok, let's negotiate. How about this: I'll buy one Big Mac, and in return US will buy 3000 Volkswagens, 1500 Mercedes(es?!?) and at least 3 French or Italian cars...
That way the US ends up with good cars, and I am willing to risk my own health in order to improve the relations.
Maaaaybe an Alfa, but I'm not buying a damn Fiat.
Fiat, F.ix I.t A.gain T.ony.
Why would you buy an alfa? They break before they leave the dealership
Ferrari and Lambo are still cars, with how they are ripping off the middle class, there should be enough billionaires
FUCK YOU TRUMP
He says a lot of shit that doesn't make any sense.
Seriously, he's demented.
Pass. I hear China has a lot of spare renewable stuff on discount now that you're no longer going to be trading with them, we'll enjoy those instead.
EU should squeeze the Tariff wokism out of Snowflake Trump.
this just sounds like hes now doing overtly what the us has been doing covertly.
Where is the U.S.A going to get the extra gas/petrol? They are an importer of energy themselves. LOL
In 2023, the United States imported about 8.51 million barrels per day (b/d) of petroleum from 86 countries. In 2023, the United States exported about 10.15 million b/d of petroleum to 173 countries and 3 U.S. territories.
The resulting total net petroleum imports (imports minus exports) were about -1.64 million b/d, which means that the United States was a net petroleum exporter of 1.64 million b/d in 2023.
https://www.eia.gov/tools/faqs/faq.php?id=727&t=6
The US hasn't been a net importer of oil for a long time. The reason there is still oil imports in the US is due to different oil types and refinery configurations, not because total oil production doesn't meet demand.
at this point i think the game is just to do something even dumber the next so people forget the other stupid shit like gulf of murica or whatever the idiot came up with the last weeks. he just put a tariffs on eggs...on costly precious eggs....a madman.
Last I looked, the US was a net exporter of oil and nat gas.
More importantly what is that going to do to the price of oil in the US
How pathetic would it be if oil is gonna be the tipping point for americans. Look, we liked the racist, he might be a pedophile, a rapist and overall sex pest, he's obese, lazy, he plays more golf than doing actual work, he looks like a potato that once wore his adult toddler pants backwards, he might ahit his pants every now and then and he's robbing us blind in front of our eyes, he once tried to nuke a hurricane and he's cutting school lunches and wants nothing more than a military parade like every dictator, and maybe fascism is actually cool.... But expensive oil? In MY america, hell no, i want to pollute the world and i want to do it cheap
Get bent orange fuckface!
As soon as he spends that much on ukraine
This fucking moron. So he shuts down green energy initiatives here, tries to push oil, then tries to force other countries to buy dirty energy. Fucks sake man it's something new every day.
Whatever, Trump.
Whatever the Tangerine Tyrant says...
It was ridiculous to see massive ships that took natural gas to Europe instead of using the huge gas pipes coming from Russia.
Ridiculous Ridiculous kids
Feeding money to Russia was madness and had to be stopped as a priority. Nothing ridiculous about it.
I know why they did it, but from a logical pov it hurt
Right. Feeding Trump's kingdom of madness is so much better. What might possibly go wrong...
Tell Russia that, the EU never turned them off or stopped ordering. It was Russia who turned them off to try to bully the EU.
Those gas pipes never stopped being used.
Or sabotaged...
There is zero chance that tariffs will go away by trump's own actions in the short term. He's committed to using them as the method of paying billionaires off with their tax cuts that have us very underwater right now.
The trade deficit is just some smoke and mirrors that they are using to say "look how unfair they are!" and to decline any rational negotiations for free trade.
he might make short term pauses especially if he will get something from it for his buddies, but he's not looking to use any other revenue strategy. He's there to cut anything going to people who don't vote for him or pay him (don't forget that the billionaires all just kissed the ring with 1M for his inauguration party.) He's just going to keep the trump sales tax strategy as his method of enriching the wealthy. Life is cheap when you make vast in excess of the taxed bare necessities with interest or dividends alone.
There is zero chance that tariffs will go away by trump’s own actions in the short term. He’s committed to using them as the method of paying billionaires off with their tax cuts that have us very underwater right now.
Other than those same oligarchs metaphorically smacking him in the back of the head for crashing thier stock market and risking a depression.
At this point, they would have cost them less to elect Harris and pay the taxes.
I assume we have some sort of underwater power line, but at first I was like: what are they gonna use to transport it? Buckets?
Since Trump's idea of energy is coal, quite possibly. Brought to you on a coal-powered steamboat.
Ships of course, it's the way all countries already do it. https://www.follow-this.org/roughly-40-percent-of-all-bulk-shipping-globally-is-for-coal-oil-and-gas/
And if the EU needed any further incentive to keep rushing for renewable energy, here it is.
EU will bend the knee too
That's like walking past a McDonald's and having the manager grab you and drag you inside the store and force you to buy some McNuggets. I am scared that Trump is not an idiot and knows exactly what he wants to achieve. It starts with "I'll show them...".