The EU has warned that President Trump's proposed 90-day ban on US diesel exports would harm both Europe and America, as the US supplies roughly a third of Europe's diesel imports. The ban, intended to lower US pump prices before midterm elections, could force European buyers to compete on global markets and drive prices higher, though Europe's domestic refineries produce about 70% of its consumption.
Major U.S. business groups warned President Trump against imposing a diesel export ban, arguing it would reduce fuel production and raise prices rather than lower them. Trump has advocated for the ban to address high diesel costs ahead of midterm elections, but administration officials including Energy Secretary Chris Wright are examining feasibility while suggesting a partial rather than full ban might be considered.