President Donald Trump is expected to release new guidance on fuel efficiency standards on Wednesday at 2:30 p.m., according to reports.

The president’s announcement is expected to focus on efforts to reduce the prices of new vehicles in the United States, which have reached record highs .

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TRUMP TO REVERSE BIDEN-ERA FUEL STANDARDS

Trump’s new guidance will likely roll back Biden-era regulatory measures that limit pollution from gasoline-powered vehicles, according to people familiar with the plans.

Senior executives from major car comp

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