Critics warned that the levies could fuel inflation and slow economic growth, while those who supported the move said it was long overdue.

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

President Trump pledged to lower costs on “Day 1” as a candidate. His administration now acknowledges it will take more time.

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.