Trump invokes Defense Production Act to boost US refining capacity at Iowa rally
President Donald Trump announced on Thursday that he intends to use the Defense Production Act to bolster domestic oil refining capabilities in the hope of putting downward pressure on record-high diesel and gasoline prices.
TL;DR
- President Trump announced he will use the Defense Production Act.
- The act will be used to boost domestic oil refining capabilities.
- This action is intended to lower record-high diesel and gasoline prices.
- The announcement was made at a campaign rally in Sioux City, Iowa.