President Donald Trump met with business and union leaders Monday at the White House to discuss his agenda to improve the economy.

He specifically focused on bringing manufacturing back to America as well as "massively" cutting taxes for companies and the middle class alike.

MUST-SEE: Judge Jeanine, Ben Stein Battle Over Trump's Promises

Media 'Obsession': Priebus, Wallace Spar Over Trump Spox' News Conference

Trump Visits CIA: 'Nobody I Respect More' Than Intelligence Officials


"What we want to do is bring manufacturing back to our country. ... It's what the people wanted. It's one of the reasons I'm sitting here instead of someone else sitting here," Trump said, adding he would like these business leaders to meet quarterly.

He also discussed the possibility of cutting regulations on corporations by 75 percent in order to speed up the process of manufacturing goods here in America.

"When somebody wants to put up a factory, it will be expedited," the president said. "You have to go through the process, but it's going to be expedited. ... There will be no country that is going to be faster, better, more fair and at the same time protecting the people of the country."

Trump concluded the meeting by giving the executives an incentive to keep business in America.

"So essentially, I'm talking about no tax -- because if you stay here there is no tax," he said. "Some say Trump is going to tax. I'm not going to tax. There is no tax, none whatsoever.

"I just want to tell you all you have to do is stay.  Don't leave, don't fire your people in the United States."

Watch the clip above to see Trump's full remarks on business and the economy.

Later in the day, Trump made remarks after a meeting with union leaders and American workers. 

He received applause when he announced the cancellation of the Trans-Pacific Partnership (TPP) trade deal, which the U.S. formally withdrew from Monday morning. 

Trump vowed to stop the "ridiculous" trade deals that have forced businesses to move overseas and cost American jobs.

"We're gonna put a lot of people back to work. We're gonna use common sense," he said, adding that "companies that left are gonna come back."

"It's inconceivable to me that this was allowed to happen in the first place. And I'm not blaming President Obama for this. ... This has been going on for decades," said Trump.

Watch those remarks below.

TUNE IN: Hannity Takes Viewers INSIDE the Trump WH on Monday at 10 PM ET

Dinesh D'Souza: 'Brain-Dead' Democrat Party Will Allow Public Unrest to Continue

Media 'Obsession': Priebus, Wallace Spar Over Trump Spox' News Conference