Quartz·1 min read·easy
Trump signed an order allowing tax-free red-dyed diesel on U.S. highways
✦AI Summary
President Trump has signed an executive order suspending the federal excise tax on red-dyed diesel fuel for U.S. highways through the end of the year. This measure aims to provide temporary relief by removing the 24.4-cent-per-gallon tax without interest or penalties.
Why it matters
The order directly impacts transportation and logistics costs, potentially lowering fuel expenses for commercial carriers during the holiday season.
The order defers the federal excise tax of 24.4 cents per…
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