Trump pushes for more auto tariffs

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"General Motors made a big China bet years ago when they built plants there (and in Mexico) - don't think that bet is going to pay off", he said on Twitter.

The president also threatened to revoke government subsidies for the company.

Trump's policy goals may have helped contribute to GM's decision.

GM did not directly comment on Trump's tweets, but reiterated that it was committed to investing in the United States.

Trump angrily referred to the 2008 federal auto bailout by adding that "the USA saved General Motors, and this is the THANKS we get!" Most importantly he said he wanted to stop the job loss the region has seen.

GM said numerous USA employees affected by the plan announced Monday would have the opportunity to shift to other plants where the company would need more workers to support growth in trucks, crossovers and SUVs.

GM Chief Executive Mary Barra spoke to Trump over the weekend to discuss the cuts and was at the White House on Monday to meet with economic adviser Larry Kudlow. The chances of Xi and Trump's meeting resulting in a trade deal is 40%, according to a bulletin published by Maine Pointe.

US auto sales are down 0.2 per cent through October largely because of a 13 per cent plunge in vehicle sales. "I love OH. I told them, 'you're playing around with the wrong person, '" he added.

The White House rebuke appears to fly in the face of long-held Republican opposition to picking winners and losers in the marketplace.

"The president is not one to take a lot of responsibility for his own issues, problems", said Brown. "You better get back in there, '" VOA News quoted Trump as saying. But a change in the tax break would require action by Congress. Many assumed that Trump was referring to the 7,500-U.S. -dollar tax breaks the USA federal government grants to consumers who buy electric vehicles.

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GM, Tesla Inc. and Nissan Motor Co. formed a coalition earlier this month to lobby to have the purchase subsidy extended.

Hundreds of General Motors workers and their families have gathered in OH for an emotional prayer vigil over the closure of their plant and the loss of 15,000 jobs across the company.

In a statement Tuesday afternoon, GM tried to appease the Trump administration while at the same time justifying the decisions it announced Monday.

But if Trump scraps the subsidy for all manufacturers to spite GM, it would cause electric cars from other companies to become more expensive - and most likely end up hurting auto manufacturing in the US, Dutta said. GM then started offering buyouts to 18,000 workers, before moving on to the plant closures announced this week.

Despite the job growth in recent years, auto companies employ far fewer workers than they did in 2000.

But those expansions aren't enough to accommodate all the roughly 3,300 USA factory workers who could lose their jobs. White House officials have promised to keep pressure on GM to keep the jobs and factories open.

Ohio Congressman Tim Ryan said that he's "pissed off about the whole thing" and claimed that GM has a "blatant disregard for workers in the country". The factories slated for closure could get new products in exchange for items the company wants from the union, she said.

The threat of auto tariffs continues to loom large over the vehicle manufacturing sector. Those SUVs are the only models built in that plant. The ability to make more components in the USA would help BMW address local content rules, according to Bloomberg.

The reductions could amount to as much as 8 percent of GM's global workforce of 180,000 employees. A Honda executive at the September hearing testified tariffs are hurting the entire auto supply chain, calling the business environment in the USA "unsettling". The bill is reactionary in a way that will do nothing to sway GM, Wyndham said.

Material from the Associated Press was used in this report.

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