Brussels’ zero-for-zero tariff offer not enough, U.S. president says, but indicates he’s open to a deal if the bloc commits to closing the trade deficit in goods.

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.

    • kiagam@lemmy.worldEnglish
      20·
      4 days ago

      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.

    • ᕙ(⇀‸↼‶)ᕗ@lemm.eeEnglish
      81·
      5 days ago

      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.

      • slaneesh_is_right@lemmy.orgEnglish
        3·
        4 days ago

        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