Sources have told Bloomberg that Trump will meet with automotive executives Wednesday and is likely to announce a reconsideration of the EPA's fuel economy standards.
Right after November's Presidential election, the automotive industry saw a chance to step back from the promises it made with the previous administration and asked President-elect Trump to roll back the federal fuel economy regulations. Known as CAFE standards and set to reach 54.5 miles per gallon by 2025 (with caveats), outside observers said that the auto industry was well on its way to reaching those targets.
But the auto industry didn't like the higher targets, and wanted Trump and his administration to take their own swing at things. Ford put it starkly, saying that we can't have both greener cars and jobs.