European Commission President Ursula von der Leyen has an idea for reducing the bloc’s consumption of Russian liquefied natural gas: import more from America.

The European Union is bracing for potential economic fallout as it prepares for the return of Donald Trump to the White House, with fears of a renewed trade war and “Trump tax”. Ursula von der Leyen has already proposed a new strategy to counter Trump's threat of tariffs - buying more liquefied natural gas (LNG) from the US.

"We still get a whole lot of LNG via Russia, from Russia," she said in a phone call with U.S. President-elect Donald Trump. "And why not replace it with American LNG, which is cheaper, and brings down our energy prices?