'Tariffs all the way': Trump says European Union must buy U.S. oil and gas in trade ultimatum
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Donald Trump has issued a trade ultimatum to the European Union, demanding that they purchase U.S. oil and gas. This move is consistent with his campaign strategy of using tariffs as leverage in trade negotiations.
December 20, 2024 | 7:30 am
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The United States Brent Oil Fund (BNO) could be impacted by Trump's demand for the EU to purchase U.S. oil, as it may influence oil trade dynamics and prices.
If the EU complies with Trump's demand, it could increase demand for U.S. oil, potentially benefiting BNO by driving up oil prices. However, the outcome is uncertain, and the impact on BNO will depend on the EU's response.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50