through the years and even in this war, just like donald trump has been exposed by the war. the biden administration will temporarily lift trump-era tariffs on ukrainian steel. in a written statement yesterday, the commerce secretary said ukraine must be able to export its steel to keep the economy afloat. the trump administration imposed a 25% tariff on steel and a 10% tariff on aluminum on several countries in 2018. president biden is expected to deliver remarks on inflation today and lay out his plan to lower costs nationwide. according to a white house official, biden will also focus on republican plans, including one from senator rick scott, which democrats say will hike taxes on 75 million americans. let s bring in cnbc s dominic chu. first of all, how are the futures looking this morning? mika, right now they re in
tehran s 2015 nuclear aconsidered the talks reaching final stage unclear how long that will take. negotiations dragged on for months. the u.s. is participating incorrectly because the u.s. withdrew from the agreement in 2018. president biden though says rejoin the deal. a british russian media boss and son of a former kgb spy is pleading with vladimir putin to end the war in ukraine. medvedev rote in the newspaper he owns putin should use peace negotiations to stop the conflict. the european space agency says the plan launch of a joint mission with russia to mars this year is now very unlikely due to sanctions linked to the war in ukraine. the agency saying it is assessing the consequences of sanctions for space agency. meantime the international olympic committee is urging sports associations to exclude
came into power, it taken five months for them to come to the table. the regime is asking for major o move forward and he also said the u.s. will not tolerate iran containing that and other options if it did. he did not clarify what the other options may be. the original deal limited iran s nuclear deal preventing the regime producing enough material for a nuclear bomb. western countries have sanctions between 2018. president trump withdrew from the deal, reimposed u.s. sanctions and the response was to breach as it continues to do.
the strategic petroleum reserve. as you mentioned 50 million barrels the president made this announcement today through the white house that he was directing the department of energy to do so. the reason the president says he wants to do so is to alleviate some of the pain at the pump as people are getting ready to head out for the thanksgiving holiday in a month the christmas holiday. right now the average price of gasoline $3.40 up from $2.11 last year. fox news poll shows the president s approval on the economy at 36%. in may it was 51%. you can see the difference in a few months. the president hoping jay powell, his nominee to renominate for the chair of the federal reserve will deliver a healthy economy in his second term. he got 84 votes in the senate. when trump nominated him in 2018. president biden: i believe jay is the right person to see us through and finish that effort.
dollars per person. the wall street journal report comes as the 3,000 strong migrant caravan surges towards the texas border. let s go to texas now where dan springer is live near the border. dan? yeah, arthel, this is really serious because this report about these big payments to migrants has been out there now for four days, and the biden administration has really just ignored it completely, not answering any questions about it. meanwhile, republicans universally are hammering them over with it. you know, this has been going on like i said for four days even republicans who were critical of president trump back in 2018 for his zero-tolerance policy that led to 5,000 migrant children separated from their parents, even they are critical of this. most of them over two months in 2018. president biden called it a moral and national shame and pledged to reunite families. about 1,000 kids still have not