Trump welcomes falling oil prices, says they're 'like a tax cut'

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(Pic: Brendan Smialowski, AFP)
(Pic: Brendan Smialowski, AFP)

President Donald Trump said Thursday he welcomes the steep fall in crude oil prices caused by a tussle between Saudi Arabia and Russia, saying they are "like a tax cut" for American consumers.

"Oil prices are at a point now that I would have dreamed about because the gasoline prices are going to be coming way down," he told reporters in the White House.

"So with gasoline prices coming down, that's like a tax cut, that's like a big tax cut," he said.

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