Politics

Trump tells EU to buy more American-made oil and gas or face ‘tariffs all the way’

Share
Share

President-elect Donald Trump is threatening tariffs against a bloc of countries when he assumes office as part of his anticipated effort to reinforce oil and gas production in the U.S.

Trump, in a Truth Social post, said that he told the European Union that if it doesn’t begin to import more U.S. oil and gas, it will be faced with tariffs under his upcoming presidency.

“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 wrote. “Otherwise, it is TARIFFS all the way!!!”

Throughout his presidential campaign, Trump vowed to restore energy dominance by bolstering the production of American-made oil and natural gas. Specifically, Trump has revealed that he plans to expand fracking and lift President Joe Biden’s pause on new liquefied natural gas (LNG) export permits. 

TRUMP SUGGESTS CANADA BECOME 51ST STATE AFTER TRUDEAU SAID TARIFF WOULD KILL ECONOMY: SOURCES

Trump’s latest tariff threat comes amid a number of warnings against several countries, including China, Mexico, and Canada, if they don’t act to secure the border and stop drug trafficking.

MAJORITY OF AMERICANS OPTIMISTIC ABOUT TRUMP AGENDA, POLL FINDS, DESPITE TARIFF CONCERN

Trump said he would impose 25% tariffs on all Canadian and Mexican exports, unless the countries work to stop the flow of illegal immigration and illicit drugs coming into the U.S.

After Trump’s proposed tariff against Canada, Ontario Premier Doug Ford threatened to cut off energy and critical mineral exports to the U.S. if the incoming president implements such a tariff on all Canadian products. However, Trump was unfazed by the threat, saying, “That’s okay if he does that.”

Trump has reportedly engaged in “very productive” conversations with Canadian Prime Minister Justin Trudeau since threatening a new tax.

The PM traveled to Mar-a-Lago to meet with the incoming president, where Trudeau reportedly told Trump he couldn’t levy the tariff, because it would kill the Canadian economy completely, Fox News previously reported.

Trump then suggested to Trudeau that Canada become the 51st state, which, according to sources, reportedly caused the prime minister and others to laugh nervously.

Fox News’ Bret Baier and Greg Wehner contributed to this report.

Share

Latest News

Related Articles
Boats

For Sale! 2016 Sea Ray 350 Sundancer – $180,000

Reel Deal Yacht is pleased to feature a meticulously maintained 2016 Sea...

Jets

Experience Opulence: Stay Overnight in Pablo Escobar’s Converted Private Jet Airbnb

Ever Dreamt of Spending the Night in a Private Jet? Imagine the...

Art & Collectibles

As Art Sales Decline, Christie’s and Sotheby’s Shift Focus to Luxury Goods

The Art Market’s Rollercoaster: From Record Sales to Downturns The art market...

Events

Where Elegance Meets Mastery in Curated Wines and Spirits

The Remedy for Complicated Times: Discovering Luxury Spirits at Remedy Liquor In...

Lifestyle & Travel

Haute Retreats Expands Its Collection with Exclusive New Luxury Villas

Haute Retreats Expands Luxury Villa Portfolio: A New Era of Opulence Last...

About Us

Founded by Francesca Perez in Miami in 2022, A BIT LAVISH is your go-to source for luxury living insights. Covering yachts, boats, real estate, health, and news, we bring you the best of Miami's vibrant lifestyle. Discover more with Miami's Magazine.

Newsletter

Sign up for our newsletter to get the latest updates and articles directly to your inbox.

Please enable JavaScript in your browser to complete this form.

Copyright © 2024 ABIT LAVISH. Miami's Magazine Est. 2022, All rights reserved.

Legal Notice: At A Bit Lavish, we pride ourselves on maintaining high standards of originality and respect for intellectual property. We encourage our audience to uphold these values by refraining from unauthorized copying or reproduction of any content, logo, or branding material from our website. Each piece of content, image, and design is created with care and protected under copyright law. Please enjoy and share responsibly to help us maintain the integrity of our brand. For inquiries on usage or collaborations, feel free to reach out to us +1 305.332.1942.

Translate »