Donald Trump has threatened the EU with a trade war unless it buys more US oil and gas. But despite Brussels signalling openness to the idea, it has no power to buy — and European countries are importing record volumes of cheaper liquefied natural gas from Russia.
The question of whether Europe can act as a bloc and buy more American fuel looms large over the transatlantic relationship after the US president-elect is inaugurated on Monday.
“Large scale purchase of our oil and gas. Otherwise, it is TARIFFS all the way!!!” Trump posted on social media last month.
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