President Donald Trump is coming under increasing pressure to cut household costs as he seeks to broker a more permanent peace deal with Iran.Six months before November’s midterm elections, nearly two-thirds of polling respondents disapprove of the job Trump is doing regarding the economy, as the continued closure of the Strait of Hormuz has choked off one-fifth of the world’s oil supply and raised gasoline prices.But Trump and the White House remain adamant they are steering the country in the right direction, with the president this week dismissing the idea his decisions concerning Iran are influenced by “Americans’ financial situation.”
“The most important thing by far is Iran cannot have a nuclear weapon,” Trump told reporters on the South Lawn before departing for China. “Every American understands.”
Yet, the White House is also taking several steps to lower the cost of living. Here’s what they’re doing.
Suspending the federal gas tax
Trump this week endorsed Congress temporarily suspending the federal gas tax, which would lower the price of a gallon of gas by 18 cents and its diesel counterpart by 24 cents.
