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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The Quiet Revolution in Central Bank Gold Buying
Discover how record central bank gold buying is reshaping global demand and setting a long-term floor for gold prices amid rising geopolitical risks.