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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Is a Policy Reversal Coming? What the Conflict Pressure Index Means for Gold
A little-known index tracking four key market variables just hit its highest reading since the start of 2025. Every prior spike at or above this level preceded a major policy shift. Gold investors should understand what that means right now.




