Trump Repeals Costly Fuel Rules, Empowers American Consumers
Submitted by MAGA
Posted 1 hour ago
**Victory for Consumers: Trump Repeals Burdensome Fuel Rules**
In a decisive move that echoes the needs of American consumers, President Donald Trump has rolled back onerous fuel economy standards imposed during the Biden administration.
This action has sparked positive reactions from the automotive industry, where shares of European car manufacturers surged. Notable spikes included Porsche, which rose over 5%, and major players like Mercedes-Benz and Volvo, which also saw significant gains.
At a press conference in the Oval Office, President Trump addressed industry executives and lawmakers, emphasizing the need to eliminate what he called "ridiculously burdensome" regulations that hinder manufacturers and inflate costs for everyday Americans.
“This administration is officially terminating Joe Biden’s CAFE standards that create expensive restrictions and problems for automakers,” Trump declared. He highlighted that this move could save consumers up to $109 billion, making vehicle ownership more affordable.
The car industry responded favorably, with Ford’s CEO, Jim Farley, noting the rollback aligns regulations with market conditions, thus promoting both environmental progress and consumer choice. General Motors echoed this sentiment, calling for a unified national standard while committing to offering both electric and gasoline-powered models.
Moreover, the announcement came amid discussions in the European Union about potentially loosening its ambitious plans for a 2035 ban on combustion engine sales, suggesting that Trump's actions resonate not just domestically but on a global scale.
Despite criticism from environmental groups, the facts indicate that the rollback could lead to lower fuel expenses for drivers. Consumer Reports found no significant increase in vehicle prices in real terms from 2003 to 2021, even as fuel economy improved by 30% during that period.
As this administration continues to prioritize consumer interests and economic growth, the automotive industry appears poised for a resurgence.
With such strategic decisions, President Trump reinforces his commitment to American consumers, ensuring that choices in the marketplace reflect not just environmental concerns but the practical needs of families across the nation.
Sources:
amgreatness.com
zerohedge.com
zerohedge.com
In a decisive move that echoes the needs of American consumers, President Donald Trump has rolled back onerous fuel economy standards imposed during the Biden administration.
This action has sparked positive reactions from the automotive industry, where shares of European car manufacturers surged. Notable spikes included Porsche, which rose over 5%, and major players like Mercedes-Benz and Volvo, which also saw significant gains.
At a press conference in the Oval Office, President Trump addressed industry executives and lawmakers, emphasizing the need to eliminate what he called "ridiculously burdensome" regulations that hinder manufacturers and inflate costs for everyday Americans.
“This administration is officially terminating Joe Biden’s CAFE standards that create expensive restrictions and problems for automakers,” Trump declared. He highlighted that this move could save consumers up to $109 billion, making vehicle ownership more affordable.
The car industry responded favorably, with Ford’s CEO, Jim Farley, noting the rollback aligns regulations with market conditions, thus promoting both environmental progress and consumer choice. General Motors echoed this sentiment, calling for a unified national standard while committing to offering both electric and gasoline-powered models.
Moreover, the announcement came amid discussions in the European Union about potentially loosening its ambitious plans for a 2035 ban on combustion engine sales, suggesting that Trump's actions resonate not just domestically but on a global scale.
Despite criticism from environmental groups, the facts indicate that the rollback could lead to lower fuel expenses for drivers. Consumer Reports found no significant increase in vehicle prices in real terms from 2003 to 2021, even as fuel economy improved by 30% during that period.
As this administration continues to prioritize consumer interests and economic growth, the automotive industry appears poised for a resurgence.
With such strategic decisions, President Trump reinforces his commitment to American consumers, ensuring that choices in the marketplace reflect not just environmental concerns but the practical needs of families across the nation.
Sources:
amgreatness.com
zerohedge.com
zerohedge.com
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