Trump says EU must buy $350 billion of U.S. energy to get tariff relief

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MarsBit
04-08
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Mars Finance News, on April 8, according to Politico, US President Trump stated on Monday night that the EU will have to commit to purchasing $350 billion of US energy in order to get a chance to breathe from comprehensive tariffs. Trump rejected Brussels' proposal for "zero-zero" tariffs on cars and industrial products. European Commission President von der Leyen said on Monday that if Trump responds, the EU will reduce tariffs on imported cars and industrial products from the US to zero. When asked by reporters whether this proposal was enough to make him compromise, Trump said: "No, not enough." Trump stated: "We have a $350 billion trade deficit with the EU, and it will quickly disappear. One way to easily and quickly eliminate the deficit is that they must buy energy from us, which can offset $350 billion in a week."

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