President Trump threatens to revoke the EU’s “favorable access” to US LNG shipments if they do not implement their trade deal with the US.
Details include:
1. The US-EU trade deal reached in 2025 lowered tariffs to 15% on most EU exports, but EU ratification has been delayed
2. The EU is set to vote on the pact on Thursday, which includes an agreement for the EU to buy $750B worth of US energy by 2028
3. Energy purchases include LNG, oil and civil nuclear technologies
4. The threat comes at a time where EU LNG prices have surged amid the Strait of Hormuz’s closure
Trade tensions seem to be mounting in the background.