economy
March 25, 2026
US threatening to deprive EU of “favorable” access to gas if it fails to ratify trade deal
The US ambassador to the EU has urged the bloc to ratify a trade deal with Washington or lose “favorable” access to American gas imports
TL;DR
- US ambassador to EU urges ratification of trade deal for favorable energy access.
- Deal includes a 15% baseline tariff on EU goods to the US and zero levies on some US imports.
- EU agreed to purchase $750 billion worth of US energy by 2028.
- Failure to ratify may lead to less favorable terms for EU energy imports from the US.
- EU faces energy challenges after abandoning Russian imports, with Germany heavily reliant on US LNG.
- European Commission plans to phase out Russian fossil fuels by 2027.
- Russia warns of an energy price crisis for the EU, stating the bloc could be at the end of the queue for its energy.
Continue reading the original article