Trump Promises Business Leaders Major Border Tax, Rule Cuts
- President says he thinks he can cut regulations by 75 percent
- Trump plans to sign executive orders on trade, labor issues
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President Donald Trump told business leaders Monday he would impose a "very major" border tax on companies that move jobs outside the U.S. and said he would cut regulations by 75 percent.
A breakfast meeting with corporate executives at the White House kicked off the first working day of a president who made the promise of greater economic opportunity for American workers a centerpiece of his campaign. Trump continued the theme Monday by signing an order withdrawing the U.S. from the Trans-Pacific Partnership trade pact. He will meet in the afternoon with labor leaders and U.S. workers, an administration official said.