New Delhi, Dec. 4 -- 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."

Trump's announcement from the Oval Office came in the presence of Ford Motor CEO Jim Farley, Stellantis NV CEO Antonio Filosa, and John Urbanic, plant manager at General Motors' Orion, Michigan, facility.

The proposal, if finalised next year, would ease ...