President Donald Trump is holding a second meeting his first week in the White House to convince major companies to manufacture their products in the United States.

Trump is meeting with the CEOs from Ford, General Motors, and Fiat Chrysler on Tuesday morning. On Monday, he met with Ford CEO Mark Fields and Tesla CEO Elon Musk, along with executives from companies like Lockheed Martin and Whirlpool, as part of a push to keep manufacturing plants from moving abroad.

Trump said on Monday morning that he would cut regulations by 75%, but it was unclear if he was referring to the number of regulations or their cost. He also said he will cut taxes “massively” for businesses.

Any company that attempts to manufacture their products abroad will face large border taxes, Trump also said on Monday.

The meeting today marks the first time a US President will be meeting with CEOs from "the big three" automakers since Obama cracked down on fuel efficiency standards in 2011, according to Reuters.

Trump has made several public comments about keeping auto manufacturing in the US.

In November, Trump took credit for Ford's decision to keep its manufacturing plant in the US instead of moving it to Mexico. However, Ford was only planning to shift production of its Lincoln MKC vehicle from its Louisville plant to Mexico - a shift that wouldn't result in job cuts at the Louisville facility.

Trump also sent out a tweet earlier in January threatening to tax General Motors for manufacturing its cars abroad. GM wrote in a statement at the time that the Chevy Cruze vehicles sold in the US are produced in Ohio. GM does manufacture an international model of its Chevy Cruze in Mexico, some of which are sold in the US.

Some automakers have already made moves independently of Trump to keep manufacturing in the United States.

In early January, Ford announced it is pouring $700 million into its Flat Rock Assembly Plant as part of a five-year, $4.5 billion investment in electric and autonomous vehicles. The Flat Rock plant will grow by 700 employees as as result. Fields said the investment was not a result of a deal made with Trump, but said it does show a vote of confidence in Trump's pro-business policies.

Musk, who met with Trump on Monday, is building a massive battery plant, the Gigafactory, in Sparks, Nevada that is expected to employ 6,500 people when it is completed in 2020. However, Tesla is also interested in building a second Gigafactory in Europe.