Trump defers diesel tax for truckers as fuel costs bite weeks before US midterms

AI Summary

President Donald Trump signed an executive order deferring tax payments on red-dyed diesel used by truckers on public roads. The move comes as fuel prices rise amid the Iran war and ahead of US midterm elections, giving it economic and political significance.

US President Donald Trump has signed an executive order deferring tax payments on red-dyed diesel used on public roads, as near-record fuel prices linked to the Iran war weigh on the Republican Party weeks before the midterm elections.