Overview

• European Union member states are voting today on imposing retaliatory tariffs on $22 billion worth of U.S. goods, with initial measures set to take effect on April 15.
• The EU is considering targeting products from U.S. red states, such as soybeans, ice cream, and cigarettes, to strategically impact Trump's political base.
• President Trump rejected the EU's 'zero-for-zero' tariff offer and demanded $350 billion in U.S. energy purchases to address the trade deficit.
• EU policymakers are advancing plans to lower mandatory natural gas storage targets, aiming to reduce economic pressure from expensive energy imports.
• The EU is exploring demand aggregation for liquefied natural gas (LNG) purchases to strengthen its negotiating position in trade talks with the U.S.