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.

Trump cancels meeting with Putin over seized Ukraine ships and sailors
The G-20 meeting in Buenos Aires comes amid growing economic uncertainty and global displeasure with Trump's trade policy. This week, I offer a special briefing in advance of Trump's participation at the G20 summit in Argentina.

"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

  • Now that it’s on Mars, here’s what’s next for NASA’s Insight lander

    Now that it’s on Mars, here’s what’s next for NASA’s Insight lander

    Next up is NASA's Mars 2020 rover, which is modeled on Curiosity and planned to launch in summer 2021 for a February 2021 landing. The principal investigator on the French seismometer, Philippe Lognonne, said he was "relieved and very happy" at the outcome.
    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.
  • Messi scores attractive  UCL goal for Barcelona

    Messi scores attractive UCL goal for Barcelona

    PSV are off to a flawless start in the Eredivisie and are gaining consideration as one of the great Eredivisie teams in history. By scoring Barcelona's opening goal in the 61st minute, Messi moved to 106 career Champions League goals for Barcelona .
    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.
    Paul Manafort accused of lying to Special Counsel

    Paul Manafort accused of lying to Special Counsel

    The intervention means Mr Manafort could potentially face bank fraud charges, which were dismissed as part of the plea bargain. But special counsel prosecutors were "not getting what they want", one source with knowledge of the discussions said.
  • Microsoft to supply U.S.  soldiers with HoloLens headsets on the battlefield

    Microsoft to supply U.S. soldiers with HoloLens headsets on the battlefield

    Tensions: The deal is more good news for Microsoft, which overtook Apple as the world's most valuable company yesterday. The Army would also like to incorporate night vision and thermal sensing into upcoming HoloLens headsets.
    Boy, 16, to be charged

    Boy, 16, to be charged

    The force said the older boy, who can not be named for legal reasons, will appear at Youth Court "in due course". My friend does regular charity work in Huddersfield which involves giving food donations to refugee families.
    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.
  • Martinrea to shut Ajax automotive plant when GM ends Oshawa production

    Martinrea to shut Ajax automotive plant when GM ends Oshawa production

    Meanwhile, GM's Barra said Monday the company will be investing in autonomous and electric vehicle technology. Workers had until November 19 to decide, and they would have to exit by the end of the year.
    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.
    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.