US President Trump is aiming to pause the 18-cent federal gas tax for a "period of time"; will wait for gas prices to come back down, and then "let it phase back in", CBS's Jacobs reports

Trump's proposal to pause the federal gas tax indicates an intent to alleviate rising energy costs amid fluctuating prices. This move could have significant implications for inflation expectations and consumer sentiment, potentially leading to a short-term boost in spending. Moreover, it might temporarily influence commodity prices, particularly in the energy sector, and affect market reactions in equities and currencies linked to energy.