Evan Vucci / AP

Trump announced he and the EPA are re-examining midnight hour Obama-era federal requirements on fuel economy standards requiring a fleet-wide average of 36 mpg in real-world driving by 2025 for cars and trucks. A rollback is expected no later than April 2018.

"The assault on the American auto industry is over," as Trump put it in his speech at a former GM plant that's part of the American Center for Mobility, which is a staging ground for self-driving vehicles.

Trump told auto CEOs that they "have to build plants here." He added, "I know I gave you a hard time but you have to build them here," according to The Washington Post. He also gave a classic campaign-style speech, harping on NAFTA and the TPP.

Trump is en route to Nashville to lay a wreath on Andrew Jackson's tomb to mark what would be his 250th birthday.

What to watch: Trump announced he will have a "big" auto industry announcements next week about jobs.

Go deeper

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Ex-FDA chief: Pence campaigning after exposure puts others at risk.
  2. Health: 13 states set single-day case records last week — U.S. reports over 80,000 new cases for second consecutive day.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.
Dion Rabouin, author of Markets
4 hours ago - Economy & Business

Bond investors see brighter days

Illustration: Sarah Grillo/Axios

U.S. government bonds could breakout further after yields on the benchmark 10-year Treasury note ticked up to their highest since early June last week.

But, but, but: Strategists say this move is about an improving outlook for economic growth rather than just inflation.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The dangerous instability of school re-openings

Illustration: Eniola Odetunde/Axios

Schools across the country have flip-flopped between in-person and remote learning — and that instability is taking a toll on students' ability to learn and their mental health.

The big picture: While companies were able to set long timelines for their return, schools — under immense political and social strain — had to rush to figure out how to reopen. The cobbled-together approach has hurt students, parents and teachers alike.