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Businessman just got more involved with Trump's administration
On Monday, Musk attended a meeting in the White House about Trump's manufacturing agenda.
Elon Musk
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.
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He also reiterated a threat to impose a significant border tax for companies that build manufacturing facilities outside the country.
Musk is relatively aligned with Trump when it comes to manufacturing. Musk is building a massive battery plant, the Gigafactory, in Sparks, Nevada, that is expected to employ 6,500 people when it is completed in 2020.
He's also interested in building a second Gigafactory in Europe, the location of which has not yet been determined.
Still, it's becoming clear that Musk is edging closer to Trump. Earlier this week, Musk surprisingly endorsed Rex Tillerson, the former CEO of Exxon Mobil, for secretary of state.
Musk may aim to use the access for leverage going forward. For example, he pushed for a carbon tax at Monday's meeting but was met with little to no support, according to Bloomberg.
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