The E.U. to buy $750 billion of U.S. energy products. Why that's 'absurd.'
President Donald Trump said the U.S. deal on tariffs and trade with the European Union includes Brussels’ agreement to buy $750 billion of U.S. energy products over the next three years, but industry analysts say the math doesn’t even remotely add up.
Some energy experts have referred to that as a “wholly unrealistic,” and even “absurd,” number given that U.S. energy-product exports to the E.U. would have to more than triple to get there. But there are some ways to significantly boost U.S. sales of the commodities to Europe.
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U.S. energy exports to the E.U. totaled $78.5 billion in 2024, which was just about the same as in 2023, according to data from the Energy Information Administration shared with MarketWatch on Monday.
To get to that $750 billion figure, the E.U. would have to buy roughly $250 billion per year of energy products from the U.S. for the next three years — more than triple what it purchased in 2024.
https://www.msn.com/en-us/money/news/the-e-u-to-buy-750-billion-of-u-s-energy-products-why-that-s-absurd/ar-AA1JsFFB
It would also drive-up energy prices in the US.