Just the day before, Trump told business leaders he would cut regulations by 75 per cent and "massively" cut corporate taxes. When meeting the CEOs of General Motors, Ford and Fiat Chrysler, he specifically targeted environmental regulations, which he called "out of control." Industry leaders contend that complying with increasingly stringent fuel economy standards increases the cost of making cars, which must then be passed on to buyers or compensated for with job cuts. The Environmental Protection Agency upheld them in a review concluded two weeks ago. Trump met Monday with business leaders from a smattering of industries, including Fields and Tesla CEO Elon Musk.

Source: New Zealand Herald January 24, 2017 23:57 UTC