Trump weighs diesel export ban, alarming Europe over fuel prices

bfmtv.com (French) —

Donald Trump said Sunday he is "very seriously" considering banning US diesel exports to lower domestic fuel prices, a move that has alarmed European leaders weeks before midterm elections. The US, the world's top fuel exporter, ships 1.2 million barrels daily. European Union officials fear vulnerability since American diesel accounts for half of its imports, prompting efforts to dissuade Trump. Goldman Sachs warns the ban could backfire, sparking intense global competition and volatility. It estimates each week of export restrictions could raise US retail gasoline prices by 0.3 dollars per gallon once stocks fill.


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Trump weighs diesel export ban, alarming Europe over fuel prices | News Minimalist