The European Union’s top negotiator, Maros Sefcovic, has said he believes the 27-member bloc could close the trade gap with the United States by agreeing to buy more liquid natural gas (LNG) and soybeans.
U.S. President Donald Trump has said the trade deficit with the European Union is $350 billion and has suggested the bloc buy that much American energy to make up the gap and gain relief from the reciprocal tariffs he imposed last month.
But in an interview with the Financial Times published on Friday, Sefcovic said he had told U.S. Trade Representative Jamieson Greer and U.S. Commerce Secretary Howard Lutnik that if American service exports were included, the gap was only $56 billion….