Trump threatens diesel export ban again
The US is the world’s biggest diesel producer and exporter, and Trump’s threat has put buyers on alert. US President Donald Trump reiterated his threat to ban diesel exports in order to tame soaring domestic prices, though analysts warned such a move could have devastating consequences elsewhere. The US is the world’s biggest diesel producer and exporter, and Trump’s threat has put buyers on alert. A block could further fuel inflation as countries struggle to contain the fallout of global conflict. Among the places most vulnerable are Mexico, which imports around 80% of its needs from its northern neighbor, and Europe, where Goldman Sachs economists forecast diesel prices could increase 2%. Soon, “European politicians may increasingly view dependence on US energy not only as a means of diversification,” one analyst noted, “but also … a specific political risk.”
The US is the world’s biggest diesel producer and exporter, and Trump’s threat has put buyers on alert. US President Donald Trump reiterated his threat to ban diesel exports in order to tame soaring domestic prices, though analysts warned such a move could have devastating consequences elsewhere. The US is the world’s biggest diesel producer and exporter, and Trump’s threat has put buyers on alert. A block could further fuel inflation as countries struggle to contain the fallout of global conflict.
Among the places most vulnerable are Mexico, which imports around 80% of its needs from its northern neighbor, and Europe, where Goldman Sachs economists forecast diesel prices could increase 2%. ”