Part 2/8:
To assess the likelihood of such tariffs being enacted, Kennedy Blumer, senior executive editor for energy and commodities, provides insights into the current state of energy trade. He suggests that Trump's threats may not be unfounded, as Europe has indeed been purchasing more oil and gas from the U.S. than in previous years. Current statistics reveal that Europe is importing around 2 million barrels of U.S. oil per day, which represents a 23% increase compared to the previous year.