Trump Tells Carmakers: “We Are Bringing Manufacturing Back To The U.S. Big League”
by Tyler Durden
ZeroHedge.com
Jan 24, 2017
During his anticipated first meeting of the day with executives from GM, Ford and Chrysler, Trump pledged to cut regulations and taxes in a “very big push” to have more auto plants in the US, noting that environmentalism in the US is out of control, although he said that he is “to large extent” an environmentalist.
Tuesday’s gathering was the first time the CEOs of the big three automakers have met jointly with a U.S. president since a July 2011 session with former Democratic President Barack Obama to tout a deal to nearly double fuel efficiency standards to 54.5 miles per gallon by 2025. Fiat Chrysler is the Italian-American parent of the former Michigan-based Chrysler.
“I want new plants to be built here for cars sold here!” Trump said in a tweet ahead of the meeting with automakers, saying he would discuss U.S. jobs with the chief executives.
During the meeting Trump said that while “it’s not the construction of plants that we’re looking for, although that brings jobs, it’s the long-term jobs that we’re looking for.”
“We’re bringing manufacturing back to the US big league, we’re reducing taxes very substantially, and we’re reducing unnecessary regulations.”
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