Trump administration says new EPA rules will save you money at the supermarket. It's not clear they will
The Trump administration has announced a delay to two Biden-era EPA refrigerant rules, claiming it will save consumers money at grocery stores. However, it remains uncertain how these savings will be passed on to shoppers, as compliance costs may still burden smaller grocers. The changes target hydrofluorocarbons, which are known contributors to global warming, and the administration's messaging appears aimed at addressing inflation concerns ahead of the midterm elections.
- ▪President Trump announced a delay to two EPA refrigerant rules, arguing it will cut costs for companies.
- ▪The administration estimates that American families and businesses will save over $2.4 billion under the new rules.
- ▪It is unclear how grocery retailers will use the savings to lower prices for consumers.
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President Donald Trump announced on Thursday a delay to two Biden-era EPA refrigerant rules, arguing the move will cut costs for companies and save consumers money at the grocery store. The administration estimated that American families and businesses will save more than $2.4 billion under the new rules. "Our actions allow businesses to choose the refrigeration systems that work best for them, saving them billions of dollars," said EPA Administrator Lee Zeldin in a statement.He added, "This will be felt directly by American families in lower grocery prices."But it was unclear Thursday whether or how companies like grocers would use those savings to make it more affordable for shoppers to fill their carts.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Business.