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Posted: 2017-03-15T09:01:51Z | Updated: 2017-03-15T22:08:16Z

President Donald Trump unveiled plans on Wednesday to toss out the Environmental Protection Agencys latest assessment of new fuel efficiency standards for the auto industry.

At an event with auto executives in a Detroit suburb, Trump announced his administrations decision to restart a review of the cost of new fuel efficiency rules that would require vehicles to average 54.5 miles per gallon by 2025, nearly double todays standard. The Obama administration moved to lock in the rules by issuing the EPAs positive assessment of the costs and feasibility of the regulations more than a year early, in January.

We are going to cancel that executive action, Trump said. We are going to restore the originally scheduled midterm review.

A senior White House official had confirmed the long-expected announcement to reporters on Tuesday night.

The auto industry rightly cried foul because we were supposed to do [the assessment] in 2018, the official said.

In his speech, Trump said the assault on the American auto industry, believe me, is over. He did not mention the roughly $80 billion government bailout package the industry received after the financial crisis.

Trumps announcement does not affect the waiver granted to California under the Clean Air Act to set fuel efficiency above the federal standard.

When 2018 comes around, we have to work with California to figure it out, the official said, adding that withdrawing the waiver was not under consideration right now.

The chief executives of General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles attended the event, along with officials from several Japanese and German automakers. Trump has put intense pressure on automakers to keep manufacturing jobs in the U.S. Reassessing a rule that has long nettled the industry is part of that push.