Home » Money

Trump raises prospect of import vehicle tariff after GM cutback plan

01 December, 2018, 05:14 | Author: Melinda Barton
  • Trump tests presidential limits by threat to General Motors

American auto industry giant General Motors (GM) announced earlier this week that the company would eliminate several assembly plants in the USA and would cut 15 percent of its workforce, which is about 14,700 jobs. He also warned GM the White House is studying moves he can take using his executive powers to punish the company. That amounts to less than 0.2 percent of the $3.3 trillion the Treasury took in during the latest fiscal year.

"The goal of Treasury's investment in GM was never to make a profit, but to help save the American auto industry, and by any measure that effort was successful", Treasury Department spokesman Adam Hodge said at the time.

Mr. Dias met with the Prime Minister on Parliament Hill and pressed him to work with Mr. Trump to force General Motors to reverse its plan to end production at the five plants, including the one in Oshawa.

"They underscored their concerns for the workers, for the communities and for the families that are affected by this decision", a senior Canadian official told reporters.

President Donald Trump said those jobs were coming back. Many of those cuts are coming from the Midwest, where he has promised a manufacturing rebirth.

"General Motors is very counter to what other auto, and other, companies are doing", he tweeted.

Trump, who is unhappy with GM's closing of American auto plants this week, retweeted the tweet without details. "In my opinion and the opinion of people all over, GM has an obligation to invest back in us", Rankin said. "Don't move, don't sell your house", he said.

Addressing the closure of the assembly plants in the US, President Donald Trump stated Wednesday that the government was studying possible vehicle tariffs.

"That's OH, and you better get back in there soon", he said.

President Donald Trump is threatening to impose new tariffs on imported cars again. GM produces the all-electric Chevrolet Bolt, and already was expecting to see the subsidies drop early next year.

When White House press secretary Sarah Huckabee Sanders was asked if she had any infomrtaion related to the timeline for pulling subsidies, she said she had no additional information on the president's threat.

Germany's BMW has a plant in SC with 10,000 employees. Trump has publicly threatened GM as he tries to follow through on campaign promises to boost American manufacturing - which he reiterated during a rally near the Lordstown facility previous year.

GM's announcement left manufacturing cities reeling.

"We can confirm that we are considering building an engine plant in the U.S.to supply BMW vehicles manufactured in the USA and Mexico", Domonic Stoiber with BMW's Corporate and Governmental Affairs said in a statement.

Earlier this week, Trump singled out Brown, who has said he is thinking about running for president himself, for criticism after GM announced its layoff plans.

"This is a big headwind for the US consumer", he said.

About half the workers laid off from those plants would have a chance to relocate to other GM operations, according to the company. The President added that he believed GM would be "opening up something else" in the state of Ohio. But it later negotiated concessions from the union and reopened the plant to build the Chevrolet Sonic subcompact vehicle. The ability to make more components in the US would help BMW address local content rules, according to Bloomberg.



Unifor's Dias says Trudeau willing to join fight to save GM Oshawa
One potential partner could be Honda Motor Co., which already has r&d relationships with GM for fuel cell and autonomous vehicles. The two MI assembly plants GM announced will close are the Detroit-Hamtramck Assembly Plant and the Warren Transmission Plant.

Grab some extra Nintendo Switch Joy-Con controllers for $59
Are you surprised by the amount of Let's Go games being sold? We'll let you know once final sales numbers are reported in January. This bodes well for the forthcoming December holiday sales rush, which, combined with the release of Super Smash Bros.

Forest Service releases video of explosion that started 46000-acre fire
The target was supposed to burst pink or blue to reveal to attendees whether Dickey and his wife were expecting a boy or a girl. Bowman in court in September , the Daily Star reported. "It was probably one of the worst days of my life.", Dickey said .

Barcelona's possible Champions League last 16 opponents
PSV are off to a flawless start in the Eredivisie and are gaining consideration as one of the great Eredivisie teams in history. This week Robert Lewandowski became only the seventh player in history to score 50 goals in the Champions League/European Cup.

Mueller report will be 'devastating' for the president: Frequent Trump defender
He added: 'When I say devastating, I mean it's going to paint a picture that's going to be politically very devastating. He still does not contemplate that it is going to render a criminal case.

MMA world in shock over brutal KO of 48-year-old
That's when Ortiz blasted "The lceman" with a right hand to the chin and Liddell's eyes rolled back as he crumbled to the canvas. I made a mistake and it is what it is. “Im going to have to sit back and really think about whats next.”.

Trump Backs Under-Fire Senator Hyde-Smith
Cindy Hyde-Smith has drawn scrutiny for saying at a November 2 campaign event that she would attend a public hanging if invited. She wrote: "Mississippi history at its best!" MS still displays the Confederate battle flag within its state flag.

Burger King Sweden 'adds' Whopper crafting to Red Dead Redemption 2
Rockstar also promises treasure hunts, random skirmishes on the plains, and missions starring familiar characters. Wednesday, November 28th: All players who played Red Dead Redemption 2 on October 26th according to our data.

Donald Trump Threatens to Close US Border With Mexico "Permanently"
Several hundred locals protested the migrant caravan on November 18, and there were reports of crimes committed by the migrants. Mexico's Interior Ministry said Sunday it would immediately deport those who tried to "violently" enter the USA from Tijuana.

Man fatally shoots woman at Florida Walmart
He fled the scene and was located at their residence, in the 6000 block of NE 35th St, with a self-inflicted gunshot wound. The shooting escalated from an argument between the two that led to Cronin screaming for help, according to authorities.