economy
March 24, 2026
Trump Has Just Issued an Ultimatum to Europe: Agree to the Deal or Else...
The EU must implement the trade agreement with the US without changes or risk losing "favorable" access to liquefied natural gas (LNG) shipments from US exporters, warned Donald Trump's ambassador to the bloc, writes the Financial Times.
TL;DR
- The EU faces an ultimatum from the US ambassador to ratify a trade agreement without changes or risk losing favorable access to US LNG.
- The proposed deal includes the EU committing to purchase $750 billion in US energy, including LNG, oil, and nuclear technology, by 2028.
- The ratification is delayed due to several issues, and the European Parliament is scheduled to vote on the pact.
- Global LNG supply is constrained due to issues in Qatar and disruptions to Russian gas pipelines, making US LNG crucial for Europe.
- The US ambassador warns that altering the energy terms of the deal would likely result in less favorable conditions for Europe.
- A proposed EU regulation on methane emissions reporting is also a point of contention, with the US ambassador urging its amendment.
- The deal also involves tariff adjustments, with the US having imposed a 15% tariff on most EU exports.
- Members of the European Parliament have included safeguards to suspend the deal if Trump imposes further tariffs.
- EU Trade Commissioner warned MEPs that the deal must be honored as agreed upon.