STRESSEconomicGlobal
Trump’s red-dyed diesel order sounds like a tax cut. Economists say it’s a 24-cent IOU that could raise prices for farmers
Published:
News summary
The executive order only defers a 24.4-cent federal tax on $6.20-a-gallon diesel, and it adds no new supply.
- Importance
- Low · 23/100
- Impact direction
- Negative