President-elect Donald Trump has issued a stark ultimatum to the European Union: increase purchases of American oil and gas or face tariffs. Trump’s demand aims to address the trade deficit between the US and EU, which reached $131.3 billion in 2022. While the EU has already significantly increased its imports of US hydrocarbons in recent years, ramping up purchases to the level Trump suggests faces numerous practical constraints.

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Big Banks Are Calling $6,000+ Gold. Here’s Why
A court blocks Trump’s tariff push, gold climbs, and two major banks raise their price targets — one as high as $8,000. Today’s briefing breaks down what’s driving the rally and why it matters.




