'You better get back in there soon’: Trump vows to get tough with General Motors over plant closures
01 December, 2018, 05:13
More cars would be assembled in the U.S. if the same tariff were applied on imported autos, Trump said, adding in a second tweet that "GM would not be closing their plants in Ohio, Michigan & Maryland".
The German automaker said if it goes ahead with plans for a United States engine plant, it is because it needs to supply engines to its North American assembly plants.
GM shares closed down 2.6 percent at $36.69 in NY trading on Tuesday.
"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.
Before GM can shutter factories next year in Michigan, Ohio and Ontario, Canada, it must reach agreement with the United Auto Workers union.
These comments from both Trump and Lighthizer come days before the G20 summit in Argentina, in which Chinese President Xi Jinping is expected to meet with Trump.
Numerous job cuts would affect the Midwest, the politically crucial region where the president promised a manufacturing rebirth.
US President Donald Trump renewed his attacks on GM Thursday morning, sending a tweet in which he described the firm as "very counter to what other auto ... companies are doing". President Trump said he would not allow OH jobs to be sacrificed to enrich other countries, but that is exactly what is happening. "I love OH. I told them, 'you're playing around with the wrong person, '" he added. "Don't move. Don't sell your house".
"This is a great reminder to President Trump and his administration that tariffs add costs, which could lead to potential plant closures", he said in an interview.
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"That's OH, and you better get back in there soon", he said. "He didn't lift a finger to do anything about it. Mr. President, please go twist an arm and get us another product there". "We are now looking at cutting all @GM subsidies, including for electric cars", he tweeted.
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.
White House press secretary Sarah Huckabee Sanders told reporters at a briefing, "I don't know that there's a specific timeline" for taking action against GM.
Trump has also harshly criticized GM for building cars in China.
"We appreciate the actions this administration has taken on behalf of industry to improve the overall competitiveness of USA manufacturing", the GM statement said.
"The president promised that no plants would be closed", said Brown. Drive It Home is also asking community members to light a candle for the plant and use the group's profile frame on Facebook to show their support for workers. China countered by imposing taxes on $60 billion worth of US goods.
"This unfortunate decision by GM has opened the door for its competitors", Johnson states in a letter to Michael Manley, CEO of Fiat Chrysler Automobiles. GM has two other plants in St. Catharines and Ingersoll.
General Motors announcement of their Lordstown plant closing has been the topic of discussion between Ohio's senators. Those SUVs are the only models built in that plant. "We're going to fill up those factories or rip them down and build new ones", he said.
The price of an iPhone ranges from $449 to $1,449 in the US , including older models such as the iPhone 7 that Apple still sells. China has retaliated but has less room to manoeuvre as the USA buys much more from China than it exports there.
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