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Wednesday, January 25, 2017

President Trump urges the Big Three US automakers to manufacture in the USA

During his first few months in office, President Trump has repeatedly demonstrated that he's not afraid to pull punches on his Twitter account to highlight the misdeeds of corporate America. Markets seem to be adjusting more to this "hands on" approach, with pullbacks and reactions becoming more muted over time.

In an hour-long meeting with GM, Ford, and Fiat Chrysler, Trump demanded that the companies continue to invest in American jobs. The President also promised deregulation and tax reform to create a more pro-business environment while asking what "domestic and trade" policies would be helpful. Earlier this month, Trump discussed potentially introducing a 35% tax on cars imported from abroad.

Read about Trump's meeting with the auto industry here: http://fortune.com/2017/01/24/donald-trump-ford-gm-fiat-autos-jobs/