The Latest: Trump speaks with Egyptian president

The Latest: Trump speaks with Egyptian president

WASHINGTON — The Latest on President Donald Trump (all times local):

10:20 a.m.

President Donald Trump is speaking with the Egyptian president. Trump and President Abdel-Fattah el-Sissi were scheduled to speak Monday morning. The details of the call have not yet been made public.

Trump and el-Sissi have already shown a certain bond. Trump said there was “good chemistry” when they met on the sidelines of the U.N. General Assembly in September.

El-Sissi said Trump would “without a doubt” make a strong leader and said he believes Trump will be “vigorously engaged” with issues in the Middle East.

__

9:35 a.m.

President Donald Trump is vowing to cut taxes on his first official business day in office.

The newly-inaugurated president told business leaders Monday that he wants to lower taxes for the middle class and for companies to “anywhere from 15 to 25 per cent,” down from 35 per cent.

He told the business leaders that the deal is contingent upon keeping business operations inside the United States: “All you have to do is stay. Don’t leave. Don’t fire your people in the United States.”

One of the campaign promises Trump listed on his website was to “reform the entire regulatory code to ensure that we keep jobs and wealth in America.”

__

9:30 a.m.

President Donald Trump is opening what his team has dubbed “Day One” of his presidency by meeting with business leaders in the White House.

Trump said Monday there will “be advantages” to companies that make their products in the United States and suggested he will impose a “substantial border tax” on foreign goods entering the country.

The president also repeated a campaign promise to cut regulations “by 75 per cent, maybe more.”

Trump hosted the breakfast with about a dozen leaders in the Roosevelt Room.

Among those in attendance were Kevin Plank of Under Armour, Elon Musk of Tesla, Marilyn Hewson of Lockheed Martin and Mario Longhi of US Steel.

Trump suggested he wanted to hold these meetings quarterly.

___

3:20 a.m.

President Donald Trump is meeting with congressional leaders from both parties to discuss his agenda, as he enters his first official week in the White House and works to begin delivering on his ambitious campaign promises.

Trump says he considers Monday to be his first real day in office. And he’s packing it with meetings that suggest he’s keeping an open ear.

There’s a breakfast and what the White House calls a listening session with business leaders in the morning; another listening session with union leaders and workers in the afternoon; and a reception later on with members of Congress he’ll need on board to overhaul the nation’s health care system, among other goals. He’ll also hold his first meeting as president with the speaker of the House, Paul Ryan.

The Associated Press