Not satisfied with one thing, Mr. Trump declared that Europe must "pay a heavy price"; there are areas that cannot be separated.

As Donald Trump returns to the White House, the tariffs he warned about during his campaign are causing concern around the world, and Europe is no exception.

Europe may increase LNG purchases from the US to replace gas from Russia. (Source: istock)

The United States currently has a $240 billion trade deficit with Europe. Countries such as Germany, Italy, Ireland and Sweden are the largest exporters to the United States and account for the majority of this deficit.

Meanwhile, the world's top economy is also the European Union's (EU) largest trading partner, and oil and gas are among the US's top exports to the 27-member bloc.

Mr. Trump has repeatedly stated that he is not satisfied with this trade balance and asserted that Europe will have to “pay a heavy price” if it does not import more goods from the US.

Reuters commentator Gavin Maguire said Europe could respond by reducing imports of liquefied natural gas (LNG) from Washington, making it difficult for Mr. Trump's plan to increase oil and gas production.

However, this scenario is unlikely to happen because the EU is still dependent on imported energy and Washington is its largest LNG supplier.

In 2023, LNG from the world's largest economy will account for nearly 50% of the continent's total LNG imports, up from 44% in 2022 and 27% in 2021.

The conflict in Ukraine has prompted the US to export more LNG to Europe and expand the production capacity of projects in this field.

Data shows that LNG demand in Europe has slowed this year, largely due to a milder winter and lower gas demand in Germany as its economy slows.

However, next winter will be the time when Europe needs more LNG, besides coal.

Recently, President of the European Commission (EC) Ursula von der Leyen also announced that the EU could increase its purchase of LNG from the US to replace gas from Russia.

However, Moscow's LNG is cheaper and the 27-member bloc remains dependent on this supply, although it is trying to replace it with US goods for political reasons.

Other major exporters do not have the capacity to expand production or require long-term contracts, which the EU is not keen on.

That shows that the US and Europe still seem inseparable in their relationship on LNG.

President-elect Donald Trump’s upcoming tariff policies may upset Europe, but the region is likely to push for more LNG from the US, regardless of price.

Source: https://baoquocte.vn/post-pregnancy-my-is-not-happy-something-ong-trump-has-refused-to-return-to-europe-and-has-to-return-to-the-land-price-there-is-a-linh-vuc-khong-the-tach-roi-293549.html