Global Commodities: $45 is the new $55

• Trump prioritizes reducing US trade deficit by urging nations with trade surpluses to increase oil and gas purchases or face tariffs
• To reduce bilateral deficits, US would need to significantly increase oil and gas exports to Europe, China, South Korea, and Japan
• Trump administration aims to accelerate US oil and gas production growth to meet demand and potentially lower costs for producers to achieve goals of reducing trade deficit and increasing energy exports

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