US President Donald Trump on Wednesday announced a proposal to rollback the Joe Biden administration's fuel economy standards for vehicles, saying that it would lower car-related expenses for consumers.

Calling Biden's policies "horrible" and "ridiculously burdensome", Trump said, "My administration is taking historic action to lower costs for American consumers, protect American auto jobs and make buying a car much more affordable for countless American families."

The proposal, if finalised next year, would ease regulatory pressure on automakers to control emissions from gasoline-powered trucks and cars in a reversal from the Biden administration's push towards cleaner-running vehicles. Also Read | Trump ‘saved AI industry’: Nvidia's Huang amid reported meeting

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