8/21, 4:10 PM (Source: TeleTrader)
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Trump blasts carmakers for opposing emission rollback

United States President Donald Trump blasted major carmakers on Wednesday for opposing his plan to roll back emission regulations imposed by the administration of predecessor Barack Obama.

"My proposal to the politically correct Automobile Companies would lower the average price of a car to consumers by more than $3000, while at the same time making the cars substantially safer. Engines would run smoother. Very little impact on the environment! Foolish executives!" Trump tweeted.

The Trump administration planned to relax tailpipe pollution standards and proposed freezing miles-per-gallon targets after 2020, which would reportedly boost daily gas consumption in the country by about 500,000 barrel per day and increase greenhouse gas emissions. However, California regulators reached a deal in July with Ford, Honda, Volkswagen and BMW to agree to make cars which meet its higher fuel efficiency standards, thus challenging Trump's plans to loosen emission regulations.

Breaking the News / NP