On Monday, President Donald Trump told business leaders that he firmly believes that his administration can cut regulations by 75% or “maybe more.”
In a meeting at the White House with 10 senior executives, Trump reiterated his pledges to roll back regulations in place on businesses that he thinks have “gotten out of control.”
In the meeting with reporters and business leaders, including Tesla Motors CEO Elon Musk and Under Armor CEO Kevin Plank, Trump emphasized that his move to cut regulations will not only benefit corporations, but also remain protective of the American people.
“We’re going to be cutting regulation massively,” but the rules will be “just as protective of the people.”
The President’s statements came ahead of an executive order to begin revising the North American Free Trade Agreement (NAFTA) and pulling out of the Trans-Pacific Partnership (TPP).
“What we want to do is bring manufacturing back to our country … That doesn’t mean we don’t trade because we do trade. We want to make our products here.”
Watch footage of Trump’s meeting with business leaders here: