Investing.com -- U.S. President Donald Trump announced on Monday his administration’s intent to sell energy to the European Union (EU) as a strategy to mitigate the trade deficit with the bloc. Trump criticized the EU for not purchasing sufficient U.S. goods, thereby contributing to an unfavorable trade balance.

Trump stated to White House reporters, "The European Union’s been very bad to us," emphasizing that European nations must increase their purchases from the U.S. His strategy involves selling energy to the EU, a commodity they require and are expected to buy from the U.S.

The President suggested this move could potentially reduce the trade deficit by $350 billion within a week. However, no further details about the specific plan or timeline for this energy sale were provided.

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