U.S. President Donald Trump will have breakfast today with the chief executives of General Motors, Ford Motor and Fiat Chrysler Vehicles NV as he pressures car manufacturers to increase American jobs.
White House representative Sean Spicer stated Trump “looks forward to hearing their concepts about how we can collaborate to bring more jobs back to this industry.” Trump has targeted automakers for developing cars in Mexico and in other places and has cautioned to enforce 35 percent tariffs on imported automobiles.
It will be the very first time the CEOs of the big three automakers meet collectively with a U.S. president since a July 2011 session with Barack Obama to promote a deal to nearly double fuel efficiency standards to 54.5 miles per gallon by 2025.
American and foreign automakers have actually been touting strategies to increase American jobs and investments in the face of Trump’s remarks. The Republican president pointed out Ford’s Mexico investments during his campaign.
