As President Donald Trump attends the high-stakes summit between the United States and China, the political fallout from rising prices for Americans is growing with the war in Iran restricting the world’s oil supply and sending gas prices skyrocketing. New data revealed that businesses' costs had their highest monthly surge in more than four years and the cost of groceries rising too. It comes as Republicans are defending President Donald Trump’s comments saying Americans’ finances are not influencing his decision making process when it comes to Iran. NBC’s Ryan Nobles reports for TODAY.
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