Ohio Sen. Brown: Trump Supports American Cars Act

Ohio Sen. Brown: Trump Supports American Cars Act

President Donald Trump on Thursday sought to contrast General Motors, which he rebuked this week after the automaker announced plans to lay off thousands of USA workers as part of a broad restructuring move, with American steelmakers and other vehicle makers.

"Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland" while sparing plants in Mexico & China, Trump tweeted, adding: "The U.S. saved General Motors, and this is the THANKS we get!"

More cars would be assembled in the USA 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".

As he has done with several companies since he took office, Trump promised retribution for GM if it closes the plants.

The company responded to Trump saying it remains "committed to maintaining a strong manufacturing presence in the USA, as evidenced by our more than $22 billion investments in U.S. operations since 2009".

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.

"Get smart Congress. Also, the countries that send us cars have taken advantage of the USA for decades", Trump wrote.

It's unclear exactly what subsidies Trump was referring to in his tweet, but most think he was talking about the electric-vehicle tax credit, which gives a $7,000 break to anyone who buys an electric vehicle.

North Korea’s ‘peace gift’ puppies to South Korea pictured for first time
However, after more than five months, talks between the U.S. and North Korea have stalled. The speed of the process is not as important as the direction in which it is moving.

"We have talked for the past few years about an engine plant to support our North American production and sales, and now with increasing production levels in North America, we are again investigating this option", said Krueger.

US Trade Representative Robert Lighthizer said in a statement on Wednesday that he "will examine all available tools to equalize the tariffs applied to automobiles".

Beyond the subsidies given to customers, GM has received about $333.5 million in federal spending in the past 12 months, according to a USA government website that tracks federal expenditures.

But Kevin Wyndham, chairman of the Trumbull County Republican Party, said Brown's bill meddles with the free market that GM is reacting to.

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

Dias said he would meet with the United Auto Workers on Wednesday and discuss the possibility of "mass actions" in GM plants across the two countries.

In an example of "what's good for investors isn't good for workers", GM's stock increased after the announcement of layoffs and factory closings. Tesla surpassed 200,000 cumulative EV sales in the USA earlier this year, and Bloomberg NEF analysts project that GM will probably exceed that mark this quarter. The factory is still in operation and now builds the Sonic and the Bolt electric vehicle.

Related Articles

  • MLB Asks for Donation Back from Cindy Hyde-Smith

    MLB Asks for Donation Back from Cindy Hyde-Smith

    At a midday event, before the content of the signs was disclosed, Espy said he knew nothing about the nooses or signs. They say surveys have consistently shown her with a lead ranging from the mid-single digits to the low double digits.
    Students can now enjoy special YouTube Music and YouTube Premium plans

    Students can now enjoy special YouTube Music and YouTube Premium plans

    It's not clear how many users are subscribed to the service, since YouTube refuses to disclose the total number of subscribers. Today YouTube announced that they are launching a cheaper version of their YouTube Premium and YouTube Music plans.
    Scientist in China defends human embryo gene editing

    Scientist in China defends human embryo gene editing

    But many other scientists seemed highly skeptical, with a conference organiser calling his actions irresponsible . It is still pending scientific peer review and many biologists have criticized the ethics of the experiment.
  • Aaron Ramsey Starts - Arsenal Team vs Vorskla Poltava Confirmed

    Aaron Ramsey Starts - Arsenal Team vs Vorskla Poltava Confirmed

    It was due to take place in Kiev due to security concerns, UEFA had announced, but the Ukraine side say they can not guarantee the match will be played.
    Steph Curry tells Under Armour to market his shoes to girls

    Steph Curry tells Under Armour to market his shoes to girls

    Curry also told Riley he was sending her a special pair of Curry 5's and that "you'll be one of the first kids to get the Curry 6".
    Don't expect big interest rate hikes, Fed chief Powell says

    Don't expect big interest rate hikes, Fed chief Powell says

    That contrasted with a remark Powell made in October that the Fed's policy rate was still well below neutral. I'm not going to say it's so much Trump ー that Trump has been sending mean tweets about Chairman Powell.
  • Amazon (AMZN) launches cloud service to capture data from satellites

    Amazon (AMZN) launches cloud service to capture data from satellites

    Each of the companies operate ground facilities already but will work with AWS Ground Station to augment operations. The service launched Tuesday in preview at a couple ground stations, with 10 more to be added in 2019, Jassy said.
    Trump may suspend additional China tariffs under proposed deal

    Trump may suspend additional China tariffs under proposed deal

    CEO Tim Cook has said he has told US officials that tariffs hurt people and economic growth by raising prices on goods. For one thing, China is not keen to upend its entire government-centered development strategy simply to please Trump.
    Liverpool risk early Champions League exit after loss to PSG

    Liverpool risk early Champions League exit after loss to PSG

    If Jurgen Klopp's team don't get a positive result, it will force them to beat Napoli at home in the last game of the group stage. Speaking in the Parc des Princes mixed zone after the final whistle, Neymar said that he was not at optimum level fitness-wise.
  • Michael Cohen pleads guilty to lying to Congress

    Michael Cohen pleads guilty to lying to Congress

    During the campaign, Cohen acted as Trump's point person in an attempt to built a Trump-branded development in Moscow. Earlier, he'd falsely told the House intelligence committee that the discussions ended in January 2016.
    The Times view on May and Corbyn's TV Brexit debate

    The Times view on May and Corbyn's TV Brexit debate

    It follows that we would be in favour of televised debate between Theresa May and Jeremy Corbyn on any subject at any time. European Union leaders will have to weigh up if they still want May to win, and how badly they want to just move on.
    Kevin Durant's 49 points carry Warriors past Magic 116-110

    Kevin Durant's 49 points carry Warriors past Magic 116-110

    Kerr said that Curry looked good going up against a group that included film-room staffers and assistant coach Willie Green. The Warriors didn't have it offensively from the jump on Monday, so Durant took it upon himself to carry the offense.