EU signals desperation to avoid trade war with Trump, desire to buy American gas



President-elect Donald Trump is still months away from taking office, yet the European Union already appears desperate to cut a deal with him.

Ursula von der Leyen, president of the European Commission, addressed members of the European Council in Budapest, Hungary, Friday, signaling a desire to avoid a trade war with the United States and to switch from Russian to American gas.

When asked how she intends to negotiate with Trump on trade, Leyen answered, "I think first of all: Engage. Very important what we have started yesterday."

Leyen was referencing her phone call with Trump Thursday, where she apparently congratulated him on his landslide electoral victory. The German politician noted on X that they discussed defense, Ukraine, trade, and energy.

"Secondly, discuss about common interests. And there are common interests that we have," continued Leyen. "Then go into negotiations."

'They are going to have to pay a big price.'

Leyen said that liquid natural gas was among the common interests she briefly discussed with Trump this week, noting that Europe still gets "a lot of LNG via Russia, from Russia."

According to the Institute for Energy Economics and Financial Analysis, in the first half of 2024, Europe sourced 48% of its LNG imports from U.S., 16% from Russia, 11% from Algeria, 10% from Qatar, and 4% from Nigeria and Norway.

"Why not replace it by American LNG, which is cheaper for us and brings down our energy prices?" said Leyen. "It's something where we can get into a discussion, also [where] our trade deficit is concerned."

The U.S. Census Bureau indicated Tuesday that the trade deficit with the EU in September was $23.8 billion, contributing to the year-to-date trade deficit of $173 billion.

Trump indicated in October that the EU would have to "pay a big price" for not buying enough American exports, reported Reuters.

"I'll tell you what, the European Union sounds so nice, so lovely, right? All the nice European little countries that get together," said Trump. "They don't take our cars. They don't take our farm products. They sell millions and millions of cars in the United States. No, no, no, they are going to have to pay a big price."

Politico noted that Leyen's maneuver to dodge the steep tariffs of 10% or more that Trump has threatened by promising to buy LNG is largely political theater granted the European Commission is virtually powerless when it comes to dictating European companies' purchases of gas.

"The EU doesn't buy LNG — there's a global LNG market and LNG buyers have their own contract," Laurent Ruseckas, executive director for gas markets at commodities giant S&P Global, told Politico. "It's certainly possible to do a memorandum of understanding to talk about increasing purchases but ultimately in the past that's been a way to put a political wrapper around something that was delivered by the market. And the EU is buying as much LNG currently as the market needs."

Like Blaze News? Bypass the censors, sign up for our newsletters, and get stories like this direct to your inbox. Sign up here!

FACT CHECK: Did Israel Target a TotalEnergies Gas Station in Beirut Following Macron’s Military Aid Ban?

A spokesperson told Check Your Fact that the station in question was not in operation and was not directly hit

Kamala Harris Doesn’t Have To Support A Fracking Ban To Regulate Energy Out Of Business

Another avalanche of regulations from an administration run by a Bay-Area leftist who has vocally supported the Green New Deal would almost certainly spike energy prices even higher.

Watchdog Raises Ethics Concerns Over National Parks Director Collecting Honorary Degree

The director of the National Park Service was awarded an honorary degree from a university the agency is working with.

Trump Promises To Unleash American Energy With Alaskan Oil And Gas

"I'll get it going very quickly because not only is it big for Alaska," Trump said, but also "for the United States."

To Celebrate Earth Day, The White House Locks Off More Alaskan Earth From American Use

Alaska has suffered from more environmental meddling from Washington bureaucrats than any other state in the country.

Americans Depressed By ‘Bidenflation’ Aren’t Buying Media’s Economic Lies

American families see the effects of 'Bidenflation' on their wallets every day, so of course they're in a gloomy mood.

Haaland Unilaterally Waived Ethics Concerns Over Chaco Canyon Decision

Interior Secretary Deb Haaland unilaterally dismissed ethics concerns over her decision on an oil and gas moratorium in New Mexico.