Date
18 October 2018
Donald Trump shakes hands with Mark Fields, CEO of Ford Motor, as Sergio Marchionne, head of Fiat Chrysler (R) looks on, before a meeting at the White House on Tuesday. Photo: Bloomberg
Donald Trump shakes hands with Mark Fields, CEO of Ford Motor, as Sergio Marchionne, head of Fiat Chrysler (R) looks on, before a meeting at the White House on Tuesday. Photo: Bloomberg

Trump urges automakers to build new plants in US

US President Donald Trump urged the bosses of the Big Three American automakers to build more cars in the country in order to create new jobs at home, pushing a key campaign pledge.

During a meeting with auto industry executives at the White House on Tuesday, Trump, who has threatened to impose 35 percent tariffs on imported vehicles, said he wants to see more auto plants in the US, Reuters reports.

In return, the new Republican president vowed to cut regulations and taxes to make it more attractive for businesses to operate in the United States.

“We have a very big push on to have auto plants and other plants – many other plants,” Trump told reporters as he met with General Motors CEO Mary Barra, Ford Motor boss Mark Fields and Fiat Chrysler head Sergio Marchionne.

“It’s happening. It’s happening big league.”

It was the first time the heads of the big three automakers met jointly with a US president since a 2011 session with Barack Obama to tout a deal to nearly double fuel efficiency standards by 2025, the report noted.

Matt Blunt, who heads a US automaker trade association, told Reuters that Trump asked what his administration could do “on domestic and trade policy that would help make the United States more competitive and strengthen the ability of automakers to add production here.”

The auto executives on Tuesday raised the issue of the fuel efficiency rules, trade policy and other regulatory matters. 

The executives also discussed autonomous and electric vehicles, according to the report.

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RC

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