File - In this Feb. 27, 2017 file photo, President Donald Trump speaks in the Roosevelt Room of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)
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Trump has vowed to bolster U.S. infrastructure spending and slash regulations, pledges welcomed by business leaders attending the annual energy event.Pro-energy policies and regulatory rollbacks anticipated from the new administration could lure more investment to the industry, but so far the details of Trump's plans and a potential border adjustment tax remain unclear.For its part, Saudi Arabia, the world's largest oil producer and a longtime ally of the United States, struck a tone of optimism toward Trump's support for the energy industry.Oil executives in the United States and abroad are closely watching a Republican proposal for a border adjustment tax, which would tax imports in a bid to spur U.S. production of goods and resources. Dan Romasko, chief executive of Motiva Enterprises LLC, said it is hard to believe U.S. consumers would accept higher fuel prices due to a proposed border tax on imports.
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