Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Gene J. Puskar / AP

Powerful automakers about to score a big lobbying win face the tricky task of defining it as something a little more nuanced. President Trump intends to use a visit with the auto industry in the Detroit area Wednesday to announce that EPA will revisit an 11th-hour Obama administration decision to lock in strict greenhouse gas and efficiency rules for the 2022-2025 model years.

That's welcome news for the industry, which has pressed EPA to reexamine the January 13 decision and says maintaining the targets will be expensive and out-of-step with consumer preferences amid cheap gas and modest electric car sales.

Green groups will loudly condemn the decision as a major rollback of a signature Obama climate initiative.

But the industry will probably respond with more of a golf clap. Why? While it's clear that Trump plans to scale-back the standards, the industry is wary of claiming victory on a regulatory rollback. They'll spin this as good government and an analytical process while knowing it's likely to yield a better outcome than they got under Obama

"Until this review is done, nobody knows what that number should be," Gloria Bergquist of the Alliance of Automobile Manufacturers told Axios. She said the group is merely seeking a "data-driven" review, one conducted "without pre-judging the outcome, checking assumptions against market realities."

A different message:

White House spokesman Sean Spicer framed Trump's visit in starker terms at the White House yesterday. "He will meet with auto executives and workers and manufacturing suppliers highlighting the need to eliminate burdensome regulations that needlessly hinder meaningful job growth," he said.

Go deeper

Georgia governor declines Trump's request to help overturn election result

Georgia Gov. Brian Kemp. Photo: Elijah Nouvelage/Getty Images

Georgia Gov. Brian Kemp pushed back on Saturday after President Trump pressed him to help overturn the state's election results.

Driving the news: Trump asked the Republican governor over the phone Saturday to call a special legislative session aimed at overturning the presidential election results in Georgia, per the Washington Post. Kemp refused.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).