Published by Global Banking & Finance Review®
Posted on December 20, 2024
1 min readLast updated: January 27, 2026
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The EU plans to enhance economic relations with the US, focusing on energy, while reducing Russian imports and diversifying supply sources.
BRUSSELS (Reuters) - The EU is ready to discuss further strengthening economic ties with U.S. President-elect Trump, including common interests in the energy sector, an EU spokesperson said on Friday, adding the EU was also committed to phasing out energy imports from Russia and diversifying supply sources.
Trump said that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world's largest economy.
(Reporting by Kate Abnet, Benoit Van Overstraeten, writing by Charlotte Van Campenhout)
The article discusses the EU's intention to strengthen economic ties with the US, focusing on the energy sector.
The EU aims to reduce reliance on Russian energy imports and diversify its supply sources.
Trump mentioned possible tariffs if the EU doesn't address its trade deficit with the US through significant oil and gas trades.
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