Trump Reverses Regulations, Boosts Competitiveness

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President Trump

CNBC

•

World

CEOs want to rip up Europe's regulatory rulebook, Trump-style

Summary

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74% Informative

President Donald Trump announced a slew of deregulatory executive orders on his first day in office on Monday .

Business leaders gathered at the World Economic Forum in Davos , Switzerland said the U.S. had the right idea in reducing red tape and that Europe sorely needed similar moves.

The European Union , often considered a frontrunner when it comes to regulation, is struggling to boost innovation and growth.

"And we think those winds are blowing towards Europe and the U.K. , where you can see governments understanding what's going on in the U.S. and trying to see what aspects of their own regulation they should ease up on." "One can be hopeful," he added..

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Informative language

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semi-formal

Language

English

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not offensive

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not hateful