GM’s Barra applauds Trump for cutting regulations
General Motors Co. Chairman and CEO Mary Barra applauded President Donald Trump’s administration on Monday for working to reduce the number of regulations that U.S. companies have to comply with to conduct business in the nation.
Speaking at a panel discussion in Washington about global business trends that was organized by the U.S. Department of Commerce, Barra said streamlining the U.S. regulatory environment is “one of the most important things that the Trump administration is working on that I’ve seen.
“Right now we actually have competing regulations, where I can meet a more stringent environmental regulation and not meet a less stringent regulation and still be fined hundreds of millions of dollars,” said Barra, who is a member of Trump’s Strategic and Policy Forum. “There are good regulations and we need regulations, but making sure we have the right regulations and that it’s enabling business to move quickly, I think is vitally important.”
Barra identified infrastructure and tax reform as other areas where the Trump administration is improving conditions for U.S. businesses. “I think those are three things, it’s a work in progress. It’s still relatively early, but I think will support growing business,” she said.