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Ahead of US midterms, Trump signs executive order to expand access to tax-exempt diesel: What we know

US President Donald Trump has signed an executive order expanding access to tax-exempt diesel as record fuel prices pose a political risk ahead of the November midterm elections, which will determine control of Congress.

Ahead of US midterms, Trump signs executive order to expand access to tax-exempt diesel: What we know

US President Donald Trump has signed an executive order to expand access to tax-exempt diesel, allowing wider purchases of red-dyed diesel for agriculture and certain off-road vehicles. The directive, announced ahead of the US midterm elections, aims to eliminate the requirement restricting tax-free diesel to off-road use and defer payment of the federal excise tax imposed for on-road use of dyed diesel.

The move comes as diesel prices have surged due to conflicts in the Middle East and Russia, posing a risk to Trump's re-election campaign as his Republican Party holds a narrow majority in Congress.

Brief written by urgent.news from Live Mint's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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