Trump vows to protect jobs in auto industry

Trump expected to announce new fuel economy standards Wednesday in Detroit

President Trump came to metro Detroit Wednesday to begin the process of rolling back tough fuel economy standards set to kick in in the years up to 2025.

President Trump touted "a new industrial revolution" and "cancelled" one of his predecessor's last moves - stricter environmental standards for motor vehicles - in a speech Wednesday in MI.

"The auto industry is crying crocodile tears about their inability to meet these standards", said Sen.

President Trump announced Wednesday that his administration would re-examine Obama-era fuel efficiency rules for cars and trucks, during a visit to the heart of the US auto industry.

"The Trump administration is trying to derail a policy that has delivered benefits to millions of Americans". We're going to help companies so they are going to help you. That included about 60 employees of Fiat Chrysler Automobiles' Toledo Assembly Complex. All of which is to say, a revisiting of the Obama-era fuel economy standards has seemed to be a foregone conclusion. The EPA said at the time the rule was enacted that it will be "practical and feasible for automakers to meet the model year 2022-2025 standards at reasonable cost" while reducing greenhouse gas emissions and reducing oil consumption, making the rules a centerpiece of President Obama's climate agenda, along with the Clean Power Plan.

In a new study contrasting the effects on consumers of energy efficiency standards versus energy taxes, the Georgetown economist Arik Levinson notes that both energy efficiency standards and energy taxes function as a regressive tax, taking a larger percentage of a lower income and a smaller percentage of a higher income.

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Automakers said deregulation and environmental requirement changes will help make that happen. "Somebody actually shortcut the system itself".

Courts are reluctant to strike down rules put in place by administrative action that are based on detailed information. "I was there. We all agreed that 2017 and 2018 were going to be used to carry out a through midterm review with the full participation of the auto industry". And he said a "very big announcement" concerning the industry was coming next week.

Strong standards fuel the competitiveness of USA manufacturers in the global market. Ultimately, carbon pollution standards are job creators because, like most future-oriented clean air regulations, they spur investment and innovation, as many studies have shown.

Other studies have called those figures into question. In a statement, Rhea Suh, president of the Natural Resources Defense Council said the change made no sense. According to the Environmental Protection Agency, these standards can create about 650,000 new full-time advanced vehicle manufacturing jobs. Once those standards go, vehicle companies will stop adhering to them if they can make more money. Trump is ordering a review of this finding, opening the way for a weaker standard to be drawn up.

As soon as Trump won the presidential election in November, the industry turned its attention to him, pushing him to extend Obama's review of the standards. "'He's done a great job, ' POTUS said of his chief of staff".

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