Dan Schwartzman

Salih Yilmaz is with Bloomberg Intelligence.

President Trump voicing support for a gasoline tax holiday to counter rising prices at the pump.

Trump telling reporters he'll seek to suspend the federal 18.4 cents a gallon tax on gasoline, quote, until it's appropriate, though it's unclear how much of the tax cut would reach consumers at the pump.

Here's Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

That's Bloomberg Intelligence Senior U.S.

Policy Analyst Nathan Dean.

Pausing the gasoline tax would require an act of Congress.

The U.S.

Strategic Petroleum Reserve awarded 53.3 million barrels to companies, including Trafficura Group and Marathon Petroleum, to help tame surging prices.

The oil will be released between June and August when refiners crank up as gasoline demand peaks.

And it is part of a global effort led by the International Energy Agency to lower global oil prices.

President Trump is expected to press Chinese President Xi Jinping over China's approach to Iran and hammer out details on a new border trade when they meet this week in Beijing.

And the White House is inviting executives from large companies to accompany President Trump on his trip to China.

Bloomberg's Tom Busby with more.

And White House Deputy Press Secretary Anna Kelly tells Fox News that aerospace, energy and agriculture deals can be expected to come from President Trump's meeting with Chinese President Xi Jinping.

The Trump administration asked the U.S.

Trade Court to pause a ruling that declared the president's latest 10 percent global tariffs unlawful while the government appeals.

In a two-to-one decision last week, a U.S.

Court of International Trade panel found that President Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid, although the court only immediately blocked enforcement for two companies that sued, along with Washington state.