EU says Trump plan to ban US diesel exports would ‘negatively impact both sides’

A proposed US ban on diesel exports could disrupt global fuel supplies and send prices surging across Europe, according to warnings from the European Commission. Officials expressed "concern" over reports suggesting the move might block diesel from reaching international markets ahead of key political deadlines. The EU argues such a restriction would harm both European consumers and the US economy by tightening supply chains. Analysts fear higher fuel costs could ripple through industries already strained by energy shortages.

US president’s suggested 90-day export ban before midterm elections could bring even higher fuel prices across EuropeBusiness live – latest updatesThe EU has warned Donald Trump against plans to ban US diesel exports to the global market, saying the move would negatively affect Europe and the US.The European Commission has reacted with “concern” to reports this week that the US president could prevent diesel from reaching the global market. Continue reading...