Trump’s diesel threat risks hurting European truckers — and raising prices for consumers

What happened: Donald Trump said he is still "thinking about" halting U.S. diesel exports as his administration tries to bring down record fuel prices at home. The White House is also checking if European countries could release their diesel reserves. Why it matters: European truckers could face another sharp rise in fuel costs, and higher diesel prices could raise prices for goods. Cristina Scarfia of Italian freight federation Confetra said "Everything on the shelf will cost more.

Donald Trump said he is still "thinking about" halting U.S. diesel exports as his administration tries to bring down record fuel prices at home. The White House is also checking if European countries could release their diesel reserves.

European truckers could face another sharp rise in fuel costs, and higher diesel prices could raise prices for goods. Cristina Scarfia of Italian freight federation Confetra said "Everything on the shelf will cost more.