EU ready to strengthen ties with US, focus on energy sector

BRUSSELS (Reuters) - The EU is ready to discuss further strengthening economic ties with U.S. President-elect Trump, including common interests in the energy sector, an EU spokesperson said on Friday, adding the EU was also committed to phasing out energy imports from Russia and diversifying supply sources.

Trump said that the European Union may face tariffs if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the world's largest economy.

Source: Investing.com