EU-US Trade Agreement: "In terms of energy, this 'deal' is only worth its hype"
Interview : Through Ursula von der Leyen, the European Union has committed to Donald Trump to purchase $750 billion worth of American energy. But what does that mean? Interview with economist Patrice Geoffron.
Interview by Alexandre Thet Balaguer
President Donald Trump and European Commission President Ursula von der Leyen in Scotland, July 27, 2025. JACQUELYN MARTIN/AP/SIPA
The trade agreement signed on July 27 in Scotland between the Trump administration and Ursula von der Leyen, President of the European Commission, marks a strategic turning point: in addition to non-reciprocal 15% US tariffs on European imports, Brussels has committed to purchasing $750 billion (€638 billion) of American energy over three years. This pact raises serious questions about the future of the Union's energy sovereignty. Patrice Geoffron, professor of economics at Paris-Dauphine University and director of the Geopolitical Center for Energy and Raw Materials, analyzes the issues.
The European Commission has promised Donald Trump it will purchase $750 billion of US-produced energy over three years. Is this a major disruption or a continuation of current US energy imports?Patrice Geoffron In 2024, the United States sold $65 billion worth of energy products to the European Union: two-thirds petroleum products, one-third liquefied natural gas (LNG), mostly. M…
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