U.S. President-elect Donald Trump said on Friday the European Union should step up U.S. oil and gas imports or face tariffs on the bloc's exports that include goods such as cars and machinery.

Donald Trump has threatened to impose import tariffs on the European Union unless it carries out large scale purchases of American oil and natural gas.

Key Takeaways U.S. President-elect Donald Trump is continuing to make threats about tariffs in the weeks leading up to the start of his second term.Early Friday morning, Trump said the European Union will need to buy more oil and gas from the U.