Trump says EU must buy $350 billion in U.S. energy to receive tariff relief

BlockBeats News, April 8th, According to Politico, U.S. President Trump said on Monday evening that the European Union would have to commit to buying $350 billion of American energy in order to have a chance to breathe from the comprehensive tariffs. Trump rejected Brussels' proposal for a "zero-for-zero" tariff on cars and industrial products. European Commission President von der Leyen stated on Monday that if Trump responds, the EU would reduce tariffs on cars and industrial products imported from the U.S. to zero. When asked if this proposal was enough to get him to compromise, Trump said, "No, not enough."

Trump stated, "We have a $350 billion trade deficit with the European Union, and it will disappear rapidly. One of the ways to make the deficit disappear quickly and easily is that they have to buy energy from us, which can offset $350 billion within a week."