Italian Prime Minister Giorgia Meloni has called for a tariff agreement between the European Union and the United States to be finalized before August 1, 2025, to prevent a transatlantic trade war. Meloni emphasized the importance of avoiding a trade conflict and urged European countries to take all necessary measures to maintain stable trade relations with the US. In a related development, Italy's leading energy company ENI has signed a 20-year, $15 billion deal to purchase liquefied natural gas from the United States. This agreement marks a strategic shift as Italy reduces its reliance on Russian energy supplies and strengthens its energy ties with the US. The deal aligns with US President Donald Trump's energy dominance agenda, which encourages European countries to increase imports of American natural gas to avoid tariffs. The multi-decade contract is seen as a significant step in reshaping the European energy landscape and reinforcing transatlantic cooperation amid ongoing trade tensions.
European energy giants sign long-term deals with US, marking win for Trump administration https://t.co/2dvk3QPyIl
One of Europe’s largest energy companies has signed a multi-decade agreement to buy American natural gas, as US President Donald Trump calls on the continent to boost imports to avoid hard-hitting tariffs. - Politico
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