“Come make your products in America, and we will offer you the lowest taxes of any country in the worldhe declared. If you don’t make your products in America, which is your prerogative, you will have to pay tariffs.” The Republican did not specify what the amount of these tariffs would be, but he affirmed that they would bring hundreds or even thousands of billions of dollars into the coffers of the American Treasury.
Donald Trump attacks Europe: “Things will have to change”
2 Gas exports: Trump will give the permits
Currently, natural gas costs around four times less in the United States than in Europe. Many producers, established in the USA, therefore wish to increase exports of liquefied natural gas (LNG) to Europe. However, Joe Biden had frozen the granting of permits in favor of new American LNG export infrastructure. While TotalEnergies is active in the LNG business in the USA, Patrick Pouyanné asked Donald Trump if he intended to grant permits, allowing more American LNG to be exported.
This question is sensitive. The reason prices are low in the United States is because there is an abundance of gas in the country. However, the USA plans to build numerous gas-fired power plants to power infrastructure linked to artificial intelligence. This additional gas consumption, combined with increased exports, could decrease gas availability and drive up prices in the U.S. market.
-But Donald Trump does not agree with this analysis. He is thus committed to issuing permits for American LNG export infrastructure. This could please Europe, even if European rules on methane emissions could put American LNG out of the game.
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3 Pressure on the OPEC + oil cartel
Furthermore, Donald Trump has indicated his intention to lower the price of a barrel of oil, by asking the OPEC + oil cartel to produce more. This seems contradictory with his desire to increase American oil production. Indeed, in the event of a drop in the price of a barrel, American producers will not be encouraged to produce more black gold, another promise from Donald Trump. We cannot have a drop in prices and an increase in American production simultaneously, several experts argue.
