Dell Technologies founder and CEO Michael Dell was among the business leaders on hand Monday as President Donald Trump opened what his team dubbed "Day One" of his presidency by meeting with top business executives in the White House.
Trump said there will "be advantages" to companies that make their products in the United States and suggested he will impose a "substantial border tax" on foreign goods entering the country.
The president also repeated a campaign promise to cut regulations "by 75 percent, maybe more."
After saying that, Trump reached over to shake Michael Dell’s hand and said: “Or when Dell wants to come in and do something monstrous and special, you are going to have your approvals really fast.”
Trump hosted the breakfast with about a dozen business leaders in the Roosevelt Room.
Dell is “honored to be included on the president’s committee on manufacturing,” according to a Dell spokesman. “We look forward to working with the administration to help spur innovation, create economic growth and support U.S. competitiveness,” said Dell spokesman Dave Farmer.
In addition to Dell, others in attendance were Kevin Plank of Under Armour, Elon Musk of Tesla, Marilyn Hewson of Lockheed Martin and Mario Longhi of US Steel.
Trump suggested he wanted to hold these meetings quarterly.
In an interview last week in Davos, Switzerland, Michael Dell responded to a question about Trump’s tax policies by saying that a trade war with China or any other countries would be “mutually-assured destruction.”
In that interview, Dell said he was “very supportive” of efforts by Trump to offer tax breaks to induce companies to bring more of their operations back to the United States.
“I think you’ll see our company, companies like ours, across all industries bring capital back on to the balance sheet of the United States, which is likely to be a good thing,” Dell said in response to a “what if” question about Trump’s tax repatriation efforts. “We’re very supportive of that.”
Additional material from the Associated Press. This story was updated at noon to include a comment from Dell spokesman Dave Farmer.
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