EU warns Trump against diesel export ban, citing risks to transatlantic fuel markets
The European Union warned the Trump administration on Thursday against plans to ban U.S. diesel exports, saying the move would harm both Europe and the United States.
A European Commission spokesperson, Olof Gill, said the EU viewed the potential 90-day export ban with “concern,” adding that “any disruption would risk negatively impacting both sides.” The commission expects “close partners to consult each other before taking measures that affect shared markets,” Gill said .
Trump has publicly supported the ban, telling aides he wants to halt diesel exports to ease domestic pump prices ahead of midterm elections. U.S. diesel reached a record average of $6.52 per gallon this year. Energy Secretary Chris Wright called the proposal a “blunt tool” that could harm U.S. fuel supplies long-term .
Europe’s reliance on U.S. diesel has grown as Middle Eastern and Russian supplies dwindled. By August, the U.S. supplied about half of Europe’s diesel imports. Analysts warned a ban would be “devastating” for Europe, forcing competition for scarce global cargoes and driving prices higher. Josh Michalowski of Argus Media said Europe would “struggle to replace supply” .
French President Emmanuel Macron said he pressed Trump not to impose the ban, calling it “catastrophic” for the U.S. and global economies . The EU is in talks with the administration to avert the measure, according to the Wall Street Journal .
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