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Trump Backs U.S. Diesel Export Ban Tuesday; Analysts Warn It May Backfire
According to Jin10, U.S. President Trump on Tuesday expressed support for banning American diesel exports to help lower prices, stating the government will make a decision "very soon." However, analysts cautioned the measure could have opposite effects. Gbenga Ajilore, chief economist at the Budget and Policy Priorities Center, noted that export bans do not increase domestic supply but may reduce it, raising prices further. Multiple analysts warned the ban could force Gulf Coast refiners to shut
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