Why Trump Is So Worried About Low Oil Prices—And Why He Should Be

Apr 06, 2020 - Time Magazine

For years, President Trump has touted low oil prices as a win for American consumers and used his position to try to keep them that way. “Good for the consumer, gasoline prices coming down!” he tweeted on March 9.

But as the new coronavirus has brought much of the world economy to a halt, it has also helped trigger a collapse of oil prices that has forced Trump to reverse course and try to raise prices. In recent days, he has threatened to impose tariffs on oil imports, called the lead...