UK business minister warns of possible US ban on diesel exports as ‘significant concern’ – POLITICO

The UK receives around a sixth of its diesel from the US and would be one of the countries most at risk from an export ban. However, Reynolds cautioned that it is important to “distinguish between statements and what is actually being proposed by the United States.”

Donald Trump has said he supports proposals to ban U.S. diesel exports amid high prices for American drivers and farmers and ahead of the midterm elections. A 90-day ban was considered, as well as more limited voluntary export restrictions.

“Obviously something like that… would be a major concern for the UK,” Reynolds said when asked about the prospect of a total ban. “Our resilience comes from diverse supply across a range of areas and fuel is no different to that. »

Reynolds is the latest senior EU politician to voice concerns over possible diesel export restrictions. On Thursday, French President Emmanuel Macron said he had urged Trump to oppose it, warning that it would be a bad idea “not only for the rest of the world, but also for the American economy.”