Trump: 'We Want to Make Our Products Here'

By Susan Jones | January 24, 2017 | 7:02 AM EST

President Donald Trump greets Wendell P. Weeks, right, Chief Executive Officer of Corning, as he host breakfast with business leaders in the Roosevelt Room of the White House in Washington, Monday, Jan. 23, 2017. On the left of is Elon Musk, CEO of SpaceX and Tesla Motors. (AP Photo/Pablo Martinez Monsivais)

( - Shortly after 6 a.m. Tuesday, President Donald Trump tweeted: "Will be meeting at 9:00 with top automobile executives concerning jobs in America. I want new plants to be built here for cars sold here!"

His meeting with auto executives comes one day after his meeting with other business leaders. "We'll get to know each other very well," Trump assured the group assembled at the White House on Monday.

"I think we're going to have a tremendous amount of business coming back," Trump told them. "So that's what we want. We want people -- we want to start making our products again, and we don't want to bring them in, we want to make them here.

"And that doesn't mean we don't trade, because we do trade. But we want to make our products here. And if you look at some of the original great people that ran this country, you will see that they felt very strongly about that...and we're going to start making our products."

Trump said companies that make their products in the United States will reap advantages: "Now, what we're doing is we are going to be cutting taxes massively for both the middle class and for companies. And that's massively. We're trying to get it down to anywhere from 15 to 20 percent, and it's now 35 percent but it's probably more 38 percent than it is 35, wouldn't you say? That's a big thing."

Trump said an every "bigger thing" is to cut regulation "massively."

"We think we can cut regulations by 75 percent, maybe more," he said. "The problem with the regulation that we have right now is that you can't do anything. You can't -- I have people that tell me they have more people working on regulations than they have doing product, and it's out of control. It's gotten out of control."

Trump said he cares about the environment: "I have received awards on the environment. But some of that stuff makes it impossible to get anything built. It takes years and years."

Under his presidency, "when somebody wants to put up a factory, it's gooing to be expedited. And you have to go through the process, but it's going to be expedited and we're going to take care of the environment, we're going to take care of safety and all of the other things we have to take care of, but you're going to get such great service.

"There will be no country that's going to be faster, better, more fair and at the same time protecting the people of the country, whether it's safety or so many other reasons where regulations are good."

Turning to some of the business leaders, Trump said, "[W]hen you want to expand your plant, or when Mark wants to come in and build a big massive plant or when Dell wants to come in and do something monstrous and special, you're going to have your approvals really fast."

Trump said gone are the days when companies build factories overseas and then send their products back to the United States.

"That's not going to happen," he said, adding that he doesn't consider that "free trade."  "They're going to have a tax to pay, a border tax -- substantial border tax." Trump said he wants is "fair trade. And we're going to treat countries fairly, but they have to treat us fairly."

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