With diesel deal, Trump is teaching Reagan’s lesson to a larger class

Ronald Reagan imposed sanctions on European firms using American technology to build a Soviet pipeline in 1982. This move was meant to prevent Europe from becoming dependent on Soviet gas and contributing to Moscow's war efforts. Now, President Trump is taking a similar approach by restricting the sale of diesel engines to companies involved in a Russian pipeline project. This move is seen as a way to exert pressure on European companies and governments to reconsider their involvement in the project.

Why it matters

The US is using sanctions to prevent European firms from using American technology. This could lead to economic losses for these firms and potentially harm US-Europe relations.

Market impact

Markets & countries in focus

Transmission channels

Likely winners & losers

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