European Gas Jumps as US Tariff Pause Eases Demand Concerns

Bloomberg · last updated April 10, 2025 – 6:53 PM

European natural gas prices erased an earlier jump as traders digested Donald Trump’s 90-day pause on tariffs, signaling persistent concerns that the unfolding trade war will hurt the economy and global energy demand.

Benchmark futures hovered below €34 a megawatt-hour on Thursday afternoon, wiping out the morning’s 8% advance that came on the back of Trump’s tariff pause. They’re still trading about 18% lower since Trump’s initial announcement last week.

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