In order to lower the cost of farmers, Trump ordered a tax exemption on red diesel
The President of the United States Donald Trump signed an executive order on Monday to ease the restrictions on tax exemptions for the purchase of red diesel; A decision that he says can save farmers "millions of dollars" and lower the cost of goods at the same time as fuel prices rise due to the continuation of the war with Iran.
"The average truck driver will save more than $100 every time they fill up their tank," Trump said as he signed the order before a crowd in Grand Island, Nebraska.
He then voted for Pete Ricketts, the Republican governor of Nebraska, who is running against an independent candidate supported by Democrats in the primary, and Jim Palin, the state's governor, who is running for a second term. I promise you that." After the war with Iran, the price of diesel fuel rose sharply, and that issue increased concern among voters and pressure on Republicans. Gasoline prices hit a record high of $6.53 a gallon last month and have fallen only slightly since then, according to data from the American Automobile Association (AAA).
Red diesel is exempt from federal and state indirect taxes. Temporary cancellation of restrictions related to the use of this type of fuel can reduce the cost pressure on businesses that rely on diesel.
Donald Trump also floated the idea of banning diesel exports last month to temporarily help lower US gas prices.