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Trump tells automakers he'll impose 'regulations that mean something'

At a meeting Tuesday with American auto industry executives, President Trump vowed to bring "manufacturing back to the United States, bigly." Trump, speaking to the CEOs of General Motors, Ford, and Chrysler, laid out plans to reduce taxes and "unnecessary" environmental regulations. "We want regulations, but we want real regulations that mean something," Trump said, calling environmentalism "out of control."

Auto executives went into the meeting hoping to gain some "clarity" on Trump's push for manufacturing to stay in the U.S. and his vow to impose hefty border taxes if companies move their plants to Mexico. American automakers say it would be a strain for all production to occur within the U.S., and some experts estimate Trump's proposed taxes could increase car prices, reducing consumers' options.

Listen as Trump outlines his plans below. Becca Stanek