>> President Trump pivoting Monday from a rocky weekend to the bedrock issues that won him the White House, jobs and trade. Pushing CEOs to build new factories, scrapping an Asian trade deal and rolling out executive orders to kick off his first full week in the Oval Office. I'm Andy Sullivan in Washington where Trump is swinging into action after a weekend spent battling the media over the size of his inaugural crowds, meeting with CEO's in the morning promising them lower taxes and reduced regulations.
But there's a pretty big stick to go along with that carrot: a warning that they will pay a heavy price if they ship jobs overseas. On a whirlwind first working day in office, Trump wielding his presidential pen and meeting with CEOs of companies like Tesla and Dell. Promising to slash regulations by an eyebrow raising 75% in a bid to get them build factories here in the United States rather than abroad.
Trump telling CEOs they will face quick approval when they wanna build factories here, but saying that they will face a big border tax if they try to import goods from abroad that they could be building here in America.>> So, a company that wants to fire all of its people in the United States and build some factories someplace else and then thinks that product is gonna just flow across the border into the United States.
That's not gonna happen.>> Trump also acting on another campaign promise, pulling out of the 12 nation trans-Pacific Partnership, a free trade deal that had been pushed by President Obama.>> Great thing for the American worker. This in line with Trump's campaign pledge, echoed in his inaugural, to put America first.
Also taking aim at the trade practices of China and Mexico, but economists worrying his protectionist push will spark retaliation that could hurt the US economy. Trump ordering a hiring freeze for the Federal Government, also signing by executive order a policy that blocks funding to groups that provide abortions overseas.
This coming days after more than a million women around the globe marched to protest Trump's presidency. There worried that this could be one of the first of many abortion restrictions to come. Trump has vowed to cut off funding for Planned Parenthood and aims to overturn a Supreme Court decision that made abortion legal in the United States.