President Donald Trump met Tuesday and CEOs of the Detroit 3 automakers meet today to discuss about keeping production within the U.S.
“We have a very big push on to have auto plants and other plants — many other plants. It’s the long term jobs that we are looking for. We are bringing manufacturing back to the United States, we’re reducing taxes, very substantially, and we’re reducing unnecessary regulations. We are going to make the process very simple for the auto companies and everybody else who wants to have the business in the U.S. and you are going to find us to be from very unhospitable to extremely hospitable,” Trump told reporters at the meeting
Trump told the CEOs that environmental regulations are “out of control” and promised he would remove obstacles for manufacturers and oil companies.
Administration planning trade, regulatory and tax reforms. “We think we can cut regulations by 75 percent. Maybe more,” Trump said. “When you want to expand your plant, or when Mark wants to come in and build a big massive plant, or when Dell wants to come in and do something monstrous and special — you’re going to have your approvals really fast.”
Biggest U.S. automakers officials stated shortly, after the meeting.
FCA CEO Sergio Marchionne just commented that Trump did not give them specifics on what regulations he would cut. Regarding the Trump’s decisions decision to withdraw from the Trans-Pacific Partnership agreement FORD CEO Mark Fields said: “We’re very encouraged by the president and the economic policies that he’s forwarding.’’ Mary Barra, GM CEO said there was a “huge opportunity” to work together with the government to “improve the environment, improve safety and improve the jobs creation.”
Trump met Monday with prominent American manufacturers including Fields and Elon Musk, the head of Tesla Motors Inc., and said he would dramatically cut regulations and corporate taxes. But Trump said manufacturers would face tough penalties if they move production outside the country. After the meeting, Fields said he was confident Trump was “very serious on making sure the United States economy is going to be strong and have policies — on tax, regulatory or trade — to drive that.”
Trump has openly agitated for U.S. automakers to keep jobs in the U.S. and cancel plans to build plants abroad. “Car companies and others, if they want to do business in our country, have to start making things here again. WIN!” Trump tweeted on Sunday.