U.S. President Donald Trump met with business leaders, and reaffirmed his commitment to deregulation and tax cuts. Bobbi Rebell reports.
U.S. President Donald Trump met with about ten CEOs at the White House on Monday morning, and said he is cutting regulations governing companies by 75 percent or more. His guests included heads of Lockheed Martin, Tesla, and Under Armour. Bob Yawger of Mizuho Americas. (SOUNDBITE) BOB YAWGER, DIRECTOR FUTURES DIVISION, MIZUHO AMERICAS, (ENGLISH) SAYING: "At the end of the day, deregulation, in my mind, is a very positive thing, but you also have to have underlying demand for whatever it is that you deregulate." Trump also said he will slap high tariffs on companies that want to rely on importing goods. Building factories in the United States will get quick approval. He also reaffirmed plans to cut taxes. (SOUNDBITE) BOB YAWGER, DIRECTOR FUTURES DIVISION, MIZUHO AMERICAS, (ENGLISH) SAYING: "Tax cuts will definitely be good. It also allows more money to float through the system for capital expenditure." Trump is scheduled to meet with labor leaders and U.S. workers.