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Trump says auto tariffs ‘being studied’ after GM plant closings
01 December 2018, 01:17 | Vera Richards
Trump threatens General Motors after announced closures in Midwest
More cars would be assembled in the US if the same tariff were applied on imported cars, Trump said, adding in a second tweet that "G.M. would not be closing their plants in Ohio, Michigan & Maryland".
On Monday, the company said it would shutter five North American plants, stop building six low-selling passenger cars in North America and cut up to 15,000 jobs.
After President Trump's public displeasure of the move and other politicians upset, General Motors released a statement touting its track record and accomplishments in the United States. "We are now looking at cutting all GM subsidies, including for electric cars". White House press secretary Sarah Huckabee Sanders said that she did not have any additional information on the president's threat.
Trump, meanwhile, who has had a strained relationship with Justin Trudeau, found common ground with the Canadian prime minister Tuesday when they discussed GM's plans to stop production of six auto models, leaving the future of five plants and some 14,000 employees in doubt.
GM has been lobbying Congress, along with Tesla Inc, to lift the current cap on electric vehicles eligible for tax credits, but any action by Congress before 2019 is a long shot, congressional aides said.
"They expressed their disappointment over the closures of the GM plants in Canada and the US" and "underscored their concern for the workers, their families and the communities that are affected by this decision", Trudeau spokesman Cameron Ahmad said. GM, which attributed its move this week to changing consumer tastes and declining sales, has said that the tariffs on steel and aluminum had already cost it $1 billion in profits.
Mr Kudlow, who met with Ms Barra on Monday, said Mr Trump felt betrayed by GM, which the Government had been trying to help.
The president also said other countries sending their cars to the US have been taking advantage of the situation for decades.
Brown asked the president to back a bill he introduced that he said would do more to encourage automakers to manufacture in America. GM has said it expects to hit the 200,000-vehicle threshold by the end of the year. The company has also promised to add technical and engineering personnel to support the development of electric and autonomous vehicles.
"This is a big headwind for the USA consumer", he said. The President added that he believed GM would be "opening up something else" in the state of Ohio. "Today, GM is continuing to take proactive steps to improve overall business performance, including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce". And U.S. taxpayers lost more than $10 billion in the rescue of the company during the financial crisis a decade ago. He also blamed many countries that had been exporting trucks to the U.S. of taking advantage of Washington for decades. However, for Chinese manufactured cars this figure rises to 25 per cent.
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Facebook documents seized by MPs investigating privacy breach
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