Trump studying new tariffs on imported cars to stop GM closing plants

Ivan Schwartz
November 30, 2018

The chances of Xi and Trump's meeting resulting in a trade deal is 40%, according to a bulletin published by Maine Pointe. "I love OH. I told them, 'you're playing around with the wrong person, '" he added.

A White House rebuke to GM would fly in the face of long-held Republican opposition to picking winners in the marketplace.

Rep. Tim Ryan and Rep. Marcy Kaptur are expected to urge GM to reverse course and ask President Donald Trump to act.

"That's OH, and you better get back in there soon", he said. "GM pocketed the tax break we gave them and are closing up shop anyway, with nary a word from the president until after the fact", Schumer said.

Or at least, it would be problematic if GM received federal subsidies.

That followed several Tuesday presidential tweets, which the White House has said are official policy statements, saying he is "Very disappointed" with GM for ceasing work at facilities in those states but "Nothing being closed in Mexico & China".

Although GM said on Monday the plant closures were not related to the tariffs, the New York Daily News blamed the duties, and published a cartoon on the front page showing a GM vehicle carrying Trump "off a cliff".

GM's announcement left manufacturing cities reeling.

GM hasn't responded to Trump's comments on subsidies specifically, but said in a statement on Tuesday that it would remain committed to "maintaining a strong manufacturing presence in the us", pointing to more than $22 billion worth of investments in domestic operations since 2009.

"Jerry Dias, head of Unifor which represents the 2,500 Canadian workers that will find themselves out of work at the end of 2019 when GM shutters its Oshawa plant, met earlier with Trudeau". The plant already employs 10,000 workers. The company has also promised to add technical and engineering personnel to support the development of electric and autonomous vehicles.

After all, it was not only factory workers who will lose their jobs.

Arsenal vs. Vorskla Poltava to go ahead
Unai Emery hailed Emile Smith Rowe as an example for Arsenal's young players to follow after the 18-year-old scored in a Europa League win against Vorskla.

Microsoft wins $480 million HoloLens contract from US Army
The US Army has previously used Microsoft's HoloLens for training purposes. He reaffirmed that "Microsoft will be engaged" with the USA military.

Facebook checked alleged Russian meddling as early as 2014
On multiple occasions during the two-and-a-half hour hearing, Allan was unable to provide answers to questions posed by lawmakers. Erskine-Smith when he said it appeared Facebook has been negligent in not acting sooner to remove disinformation from its pages.

GM said it has invested more than $22 billion in US operations since 2009, when it exited bankruptcy protection.

Under the Trump tax bill, if an automaker with factories outside of the USA obtain a certain value, they are taxed at 10.5 percent instead of 21 percent.

In two tweets, the president said that extending tariffs already in place for foreign-built small trucks to the vehicle sector would help domestic manufacturers.

'Everyone just wants to keep working right now and get through this.

Trump boasted on Twitter Wednesday that Steel Dynamics, based in Fort Wayne, Indiana, was opening a new plant in the Southwest, creating 600 jobs.

While his latest comments mark an escalation in frustration over GM's restructuring plan, the administration has always been considering imposing new tariffs on vehicle imports. Regardless of whether suppliers and OEMs continue to import steel from overseas or buy it domestically, they are paying more for steel to build their auto bodies.

The reductions could amount to as much as 8 percent of GM's global workforce of 180,000 employees.

The American firm said due to customers' demands for SUVs, crossovers, hatchbacks and trucks, the once-popular sedan has fallen behind in sales, triggering huge redundancies for staff. "The booming!" he tweeted. It found that households earning more than $50,000 per year claimed 99 percent of the credits.

Jerry Dias, president of the Canadian trade union UNIFOR, said Tuesday that GM's CEO had insulted the president of the United States and prime minister of Canada.

Democrats say they need as many names as possible, promising to deliver the petitions to GM executives.

Material from the Associated Press was used in this report.

Other reports by GizPress

Discuss This Article