Trump is correct to say that gasoline prices declined from a year ago: Today, regular unleaded fuel costs about $3.14 per gallon, compared with about $3.62 a year ago this month, according to AAA. Overall energy costs are also slightly lower, government data show.

US consumer inflation cooled slightly in April, but analysts warned prices could spike in the coming months as businesses come to grips with President Donald Trump's sweeping "liberation day" tariffs.

This week's inflation report will offer a first look at how President Donald Trump's "Liberation Day" tariff announcement has impacted pricing across the United States. Trump's tariff escalation, announced April 2,

The Trump administration has made moves to ease tariff tensions with China, but the situation remains uncertain in the longterm.

Donald Trump has agreed to substantially roll back tariffs on China as the two nations continue to work toward a permanent trade deal.

President Donald Trump announced that China and US had agreed to pause escalating tariffs for 90 days. Florida has its own imports and exports.