Trump Wants to Keep Our Diesel Home
Gas prices are hitting record highs, and the Trump administration is flirting with a blunt solution.
With diesel prices flirting with absurdity, Donald Trump is currently eyeing a total ban on diesel exports. The logic is simple: if we make it here, we should keep it here. The Treasury is busy crunching numbers to see if this could actually force prices down at home.
Not everyone is buying the play. Critics are calling it a total gimmick that might feel good for a week but could end up backfiring on the global market, potentially making the whole mess worse in the long run. Even some in his own party are rolling their eyes at the idea.
It is a classic political gamble: trade a quick headline win for the risk of long-term economic chaos. The administration says the decision is coming fast, one way or another.
Economic policy by executive instinct remains the preferred strategy of the decade.
Source: CNBC
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