- cross-posted to:
- europe@feddit.org
- cross-posted to:
- europe@feddit.org
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.
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.
More importantly what is that going to do to the price of oil in the US