According to Barron’s, European Commission President Ursula von der Leyen on Friday floated the idea that the United States could supply Europe with more natural gas to reduce the European Union’s dependence on Russia to President-elect Donald Trump. He said he proposed it.
Barron’s reported that the EU chief said that the topic of the use of liquefied natural gas (LNG) in the United States could be discussed in relation to the EU’s trade deficit with the United States. reportedQuoted from AFP news agency. Ms von der Leyen also said it was “very important” that Brussels works with the next president around “common interests”. (Related: Right-wing government rebels against EU immigration demands)
The Biden-Harris administration has faced criticism for halting LNG exports after the Department of Energy (DOE) announced in January that it would suspend new and pending approvals for certain LNG export terminals. According to multiple reports, some federal agencies are trying to thwart President Trump’s plan to lift the approval freeze on LNG exports. I will report.
“The common interest is, for example, this is one topic that we touched on, I won’t say we will discuss it, but the whole topic of LNG,” he told reporters in Budapest. This magazine reported.
PITTSBURGH, PA – NOVEMBER 4: Republican presidential candidate and former President Donald Trump holds a campaign rally at PPG Paints Arena on November 4, 2024 in Pittsburgh, Pennsylvania. (Photo by Chip Somodevilla/Getty Images)
“We still get a lot of LNG from Russia, so why not replace it?” [with] American LNG is cheap for us and brings down energy prices,” von der Leyen said, Reuters reported.
Since the news of Trump’s reelection came out, several world leaders have already sent their congratulations to him. European Union officials from France and Germany acknowledged Wednesday that Europe needs to spend more money on its own defense as President Trump is set to return to the Oval Office in January. .
Some U.S. companies expect Mr. Trump to introduce higher tariffs on imported goods if he returns to office. The president-elect enacted various tariffs during the previous administration, including tariffs on aluminum and steel in 2018, which significantly increased the price of imported goods.
The president-elect said in September that he would impose a 200% tariff on John Deere’s tractors if the company closes U.S. factories and moves production outside the United States. Trump promised to accelerate domestic production throughout his presidential campaign, including announcing in October that interest on auto loans would be fully tax deductible to encourage domestic auto manufacturing.
Trump defeated Vice President Kamala Harris in Tuesday’s presidential election, winning key battleground states such as Michigan and Pennsylvania. U.S. stock markets soared Wednesday following the president-elect’s victory.
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