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Report: Trump Discusses Plans to Cut Taxes, Regulations With Company Leaders

President Donald Trump discussed plans to cut taxes and regulations in a meeting with business executives in the White House, the Washington Post reported Monday.

Trump said he aims to remove at least 75 percent of regulations that govern businesses; expedite plans to build factories; and impose border tax on companies that take production out of the U.S., Jenna Johnson and Ylan Mui wrote.

Company leaders who attended the meeting included Lockheed Martin‘s Marillyn Hewson, Ford Motor‘s Mark Fields, Dell Technologies‘ Michael Dell, Whirlpool‘s Jeff Fettig, Johnson & Johnson‘s Alex Gorsky, Dow Chemical‘s Andrew Liveris and others.

Liveris told reporters that Trump asked executives to outline within 30 days a “series of actions” that will help boost the manufacturing economy, Johnson and Mui reported.

Trump said he would begin to pull U.S. out of the Trans-Pacific Partnership and renegotiate the North American Free Trade Agreement with Canada and Mexico on his first formal day as president, the report stated.

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