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Trump unveils 'historic reset' of Biden fuel rules, touts $109 billion in savings

Summary by Fox Business
President Donald Trump announced on Wednesday afternoon a reset of federal fuel standards that heightened under the Biden administration, which the White House said will save "$109 billion in total" for American families. "We're officially terminating Joe Biden's ridiculously burdensome, horrible, actually, CAFE standards that imposed expensive restrictions and all sorts of problems, gave all sorts of problems, to automakers," Trump said."And we…
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Donald Trump announced the modification of a Biden-era car regulation. The president communicated the news from the Oval Hall, accompanied by a group of legislators, Transport Secretary Sean Duffy, and Ford CEO Jim Farley. According to Trump, the 'Freedom Means Affordable Cars' initiative will reduce the price of new cars by approximately $1,000. Read more]]>

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Fox Business broke the news in United States on Wednesday, December 3, 2025.
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