Trump says he backs diesel export ban to curb soaring energy costs
But industry trade group says plan would backfire and lead to even higher prices for gasoline US politics live – latest updates Donald Trump on Tuesday said he backed the idea of a ban on diesel exports, which some US politicians are calling for as a way to curb the soaring cost of energy. Diesel prices have rallied in Europe and the US to record highs as wars in Iran and Ukraine sharply cut…
President Donald Trump expressed his support for a proposed ban on diesel exports during a press briefing on Tuesday. Diesel prices have surged in both Europe and the United States due to the conflict between Russia and Ukraine, which has significantly reduced global exports from major producers like Russia, Saudi Arabia, and the United Arab Emirates.
Trump stated that he had previously advocated for such a measure and mentioned that his administration is presently investigating its feasibility. Treasury Secretary Scott Bessent also confirmed that the government is considering the possibility of implementing a full or partial ban on diesel exports. Several Republican Senate candidates running in the upcoming mid-term elections have called on the administration to take action to alleviate the financial strain on American consumers caused by the high costs of energy.
Trump emphasized that the proposed ban would negatively impact Russia and potentially alleviate the rising price of diesel, adding that he anticipated the resolution of the conflict in Ukraine.
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- Trump says he backs the idea of a ban on diesel exports dailymaverick.co.za
- Trump backs diesel export ban; Bessent says admin 'examining that' thehill.com
