Elon Musk Selected to Join Trump’s Manufacturing Jobs Initiative


Elon Musk is getting closer to the Trump administration.

The SpaceX and Tesla CEO was selected to join President Donald Trump’s Manufacturing Jobs Initiative, CNBC reported Friday. This is the second committee Musk has joined under Trump — he is also part of the president’s economic advisory board.

On Monday, Musk attended a meeting in the White House about Trump’s manufacturing agenda along with executives like Ford CEO Mark Fields.

Trump said at that meeting that he would cut taxes and cut regulations by 75% to encourage businesses to manufacture their products in the US. He also reiterated a threat to impose a significant border tax for companies that build manufacturing facilities outside the country.

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SOURCE: Business Insider, Danielle Muoio