President Biden is set to announce a temporary suspension of the federal gasoline tax in the face of record gas prices in the US. However, with gas prices around five dollars per gallon, the 18 cents per gallon savings equals about two dollars per tank savings. Is this a band-aid on a gushing wound? Also today, only 11 percent of Americans buy the “Putin price hike” rhetoric. And…Congress expands US economic war on China with new import ban.