Trump signs executive orders on manufacturing, infrastructure

WASHINGTON (Reuters) - U.S. President Donald Trump on Tuesday signed an executive order directing that the permitting process and regulatory burden for domestic manufacturers should be streamlined to reduce what he called "the incredibly cumbersome, long, horrible" process.

"Sometimes it takes many, many years and we don’t want that to happen. If it's a 'no,' we'll get a quick 'no.' If it's a 'yes,' it's like, let's start building," he said.

Among a total of five actions signed by Trump in an Oval Office ceremony, he also signed orders to expedite environmental review and approval of high-priority infrastructure projects, to accelerate the Keystone XL and Dakota Access pipeline projects and to decree that any pipelines intended for the United States should be built in the country.

He said: "We will build our own pipeline. We will build our own pipes, as we used to in the old days."

(Reporting By Steve Holland; Editing by Meredith Mazzilli)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening
• All eyes on Micron earnings tonight as sell-off raises stakes for AI memory trade
• Absci, FuelCell Energy surge premarket; Cerebras, FedEx tumble