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"This just sows farmers and US companies with the investments they need to make," Slaughter said. "This creates enormous uncertainty for these industries."
Automakers, for example, had been looking for more flexible rules in terms of emissions. However, Mr. Trump's proposed rollback goes further than expected, and automakers say it could spawn years of legal battles and perhaps even subject the industry to more regulations, not less, if states begin to apply their own rules. They are also concerned that Trump's recent threats to impose tariffs on European car imports could trigger a trade war, raising prices for all vehicles.
At a recent meeting with Mr. Trump, General Motors General Manager Mary Barra told the President that she would be pleased with an agreement that would maintain much of the current pollution standards at Obama's level, while adding sweeteners to automakers. such as financial credits for companies that invent more fuel-efficient technologies, according to two people familiar with the meeting.
Oil and gas companies say that a proposal by the Trump administration to bail out the coal industry will reduce their market share, while steel tariffs will make their equipment more expensive production. Aluminum manufacturers not only fear but also the more flexible rules of vehicle pollution, because one way to make cars more efficient is to manufacture more lightweight aluminum parts.
A White House spokesman, Raj Shah, acknowledged that "Many of these groups benefit from broader policies – all of these groups benefit from tax cuts and lightening regulation. "
" The only constituency the president seeks is the American people, "Shah said
. "Steel tariffs, aluminum tariffs, auto rates, have the potential to put people to work in industries like steel production," said Jeff Ferry, the research. Director of the Coalition for a Prosperous America, a non-profit group advocating the closing of the US trade deficit. "The electorate no longer buys economists' theories about free trade that raises all boats," said Ferry.
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