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EU rejects US diesel export ban
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Handelsblatt43 minutes agoBusiness2 min readGermanyView original

EU rejects US diesel export ban

The US government is considering banning diesel exports to reduce domestic prices. The EU Commission warns of a loss of trust and calls for multilateral solutions.

Quick Look

  • The EU Commission rejects a diesel export ban being considered by US President Trump.
  • Brussels warns against undermining trust.
  • French President Macron is pushing for a coordinated G7 response to secure global energy supplies.

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Why It Matters

The US is considering a diesel export ban to reduce domestic prices. Europe is heavily dependent on US diesel imports.

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Because of rising prices, especially for diesel, the USA is talking about measures that are making Europe sit up and take notice. There are clear words from the EU Commission in Brussels.

Brussels. In the EU, a diesel export ban being considered by the US government under Donald Trump is clearly rejected. “A ban would not be beneficial for anyone,” said a spokeswoman for the EU Commission in Brussels. “It would undermine our trust in the United States as a reliable partner.”

The European Union is ready for joint action within the framework of the International Energy Agency (IEA). It is the agency's job to organize a possible release of reserves.

Trump recently announced that he would consider banning the export of diesel, which would also affect European countries. The US produces a lot of diesel and a pause in exports could also have a small effect on fuel prices in the country, Trump said.

The consequences of such a step could then also be felt in Europe: after the Middle East, the United States has been Europe's most important supplier of diesel in recent years.

US Treasury Secretary Scott Bessent wrote on Platform X on Thursday that Europe should “immediately provide additional delivery quantities”. "America is doing its part. We expect our allies to follow through on their commitments."

On Friday morning, representatives of the Commission and Member States met as part of the so-called Energy Union Task Force to discuss the latest developments regarding the situation on the diesel market and the impact on prices. “Diesel supplies in the EU remain stable for the time being, but prices remain high, reflecting the tense situation on global markets,” it said after the meeting.

The Commission and the Task Force will continue to monitor the situation in the EU very closely and coordinate the necessary actions. A spokesman for the Irish Presidency said that representatives of the EU countries would meet to discuss the global energy situation.

Macron spoke to Trump

In view of rising fuel prices worldwide, French President Emmanuel Macron spoke to US President Donald Trump that night. It was about global energy supply and “the need to take joint action against the rise in fuel prices and ensure the global availability of refined products,” as it was said from the Élysée Palace in Paris. Macron reportedly emphasized that the G7 countries had a common interest in acting in a coordinated manner, without restricting exports.

France holds the presidency of the G7 this year. According to information from the Élysée, the country is also working with the IEA. The heads of state and government of the G7 countries, chaired by French President Emmanuel Macron, wanted to speak about the global energy situation via video link in the afternoon, according to reports from the Élysée Palace in Paris.

What to Watch

AI outlook — possibilities, not facts

  • G7 countries are discussing coordinated measures for energy supply.

    Very likely · Within days

Open Questions

  • Will the USA actually implement the export ban?
  • How do the G7 countries react specifically to the demand for delivery quantities?

Related Topics

This article was originally published by Handelsblatt.

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