Trump Raises Prospect of Import Car Tariff After GM Cutback Plan

30 November, 2018, 12:17 | Author: Brooke Harris
  • Trump promised to fix tax law to save GM jobs in U.S. Democratic Sen. Sherrod Brown says

He also claims to have admonished Barra in person, and said he told the CEO that she had "better" reopen plants in the USA soon.

Through October, the US imported more than 13 percent less steel compared with a year ago, while Europe has imported more than 10 percent for a record high, according to the Wall Street Journal, citing the European Steel Association.

A day earlier, he said GM "better damn well open a new plant" in OH.

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.

Trudeau and Trump - who have been at loggerheads for months - are expected to meet at the G20 summit in Argentina at the end of the week. He said it was evidence that steel jobs were returning to America because of tariffs he imposed on steel imports.

President Donald Trump was highly critical of the plan, and threatened to cut subsidies to GM if they followed through. As of now, GM shares are back to where they were before Monday's big announcement. Trump at the time of that announcement said the automaker was moving its plant from Mexico to MI, which wasn't quite the case.

GM, like other automakers, is moving away from slow-selling cars and focusing on trucks and SUVS while also sinking money into new technology for self-driving and electric vehicles.

The president also said other countries sending their cars to the USA have been taking advantage of the situation for decades.

Senator Sherrod Brown has come out to say that President Donald Trump should stop "pointing fingers" and take action to stop the auto plant closings.

Pilot Whales Found Dead or Dying on Remote Beach in New Zealand
It is said that New Zealand is the country that is known for most whale strandings in the world. The humpback whale is thought to have died well before the rest in a separate incident.

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.

It is among the five GM plants across North America that are set to close next year.

Senate Democratic Leader Charles Schumer on Tuesday criticized Trump for "overpromising" as a candidate about protecting against plant closures if he was elected.

"It's the classic Trump thing of policies he supports working against goals he also supports", Dutta added.

But those expansions aren't enough to accommodate all the roughly 3,300 USA factory workers who could lose their jobs. USA taxpayers lost more than $10 billion in the rescue of the company during the financial crisis a decade ago.

Such tariffs would have prevented GM from shuttering its USA plants, Trump added. In 2009, for instance, GM announced that it meant to close a huge assembly plant in Orion Township, Michigan, north of Detroit.

In January, Toyota and Mazda said they would join forces to build a $1.6 billion plant in Alabama that will eventually employ up to 4,000 workers.

BMW is considering building a second plant in the United States. The union has vowed to fight the closures legally and in collective bargaining. The automakers are particularly concerned because all cars built at USA auto plants have a significant amount of foreign parts in them.

Recommended:

  • 22 killed by blast in China's Hebei province

    22 killed by blast in China's Hebei province

    At least 22 people have died and 22 more were injured in a blast outside a chemical factory in northern China . Law enforcement authorities are investigating the cause of the explosion in the city of Zhangjiakou .
    Microsoft Has Beat Apple To Become The Most Valuable US Company

    Microsoft Has Beat Apple To Become The Most Valuable US Company

    The Nasdaq has fallen more than 12 percent since the end of September, with high-flying tech names experiencing big drops. Apple and Microsoft have one of the most storied rivalries in Silicon Valley, one that goes back to the mid-1970s.
    Man confessed to 90 killings in effort to move prisons

    Man confessed to 90 killings in effort to move prisons

    He was extradited and according to the district attorney there he has confessed to more than 90 murders across the country. He usually "stunned or knocked out his victims with powerful punches and then strangled them".
  • Trump sets up stormy G20 with Putin snub

    Trump sets up stormy G20 with Putin snub

    But, at the same time, he cautioned the USA was prepared to forge ahead with the new tariffs in the belief China would fold first. Perhaps one of the most striking consequences of the trade war is what is happening to some farmers in the US.
    Senate passes legislation to end Canada Post strike

    Senate passes legislation to end Canada Post strike

    The bill received royal assent on Monday with senators approving Bill C-89 by a vote of 53-25, with four abstentions. Tuesday morning as a show of solidarity, calling the legislation a violation of their right to collective bargaining.
    Republican Cindy Hyde-Smith wins US Senate race in Mississippi

    Republican Cindy Hyde-Smith wins US Senate race in Mississippi

    She quickly pivoted to accusing her opponent of twisting her comment into a political attack against her. With all 35 Senate races decided, the Republicans hold a 53-47 edge - a pickup of two seats.
  • Amazon reduces reliance on Intel by introducing its own server chip

    Amazon reduces reliance on Intel by introducing its own server chip

    AWS Ground Station , the company believes, could aid timely downlink without the need to buy or maintain expensive infrastructure. By using its own chips, though, Amazon says it can lower costs by as much as 45 percent, depending on the technological workload.
    LeBron James hints that his son will play for Duke

    LeBron James hints that his son will play for Duke

    He's done that throughout most of his career - both in Cleveland and with the Heat, at least for part of his time in Miami. Ball appeared to injure his ankle when he was backpedaling and landed on a Nuggets player who was on the floor.
    Priyanka Chopra and Nick Jonas Wear Traditional Indian Garb Ahead of Wedding

    Priyanka Chopra and Nick Jonas Wear Traditional Indian Garb Ahead of Wedding

    The Game Of Thrones actress, 22, gave a taste of what will she will be wearing for the wedding in a stunning sequined lengha. According to a report in DNA, the couple will host a mehndi and sangeet ceremony on November 29 at the Umaid Bhawan Palace .
  • Climate neutral by 2050: European Commission plan

    Climate neutral by 2050: European Commission plan

    In France, street protests have broken out over the government's attempts to raise taxes on motor fuels. Getting to this point would require large cuts in emissions from the current position.
    Why most Texas Tech football fans really don’t want Matt Wells

    Why most Texas Tech football fans really don’t want Matt Wells

    Texas Tech fired Mike Leach in 2009 after ten seasons and neither of its next two hires have caught on for the long haul. But the Aggies suffered a slide the following three seasons, combining to go 15-23 from 2015-17 with a 3-9 mark in 2016.
    Temple U confirms Marc Lamont Hill still employed after Israel remarks

    Temple U confirms Marc Lamont Hill still employed after Israel remarks

    Media watchdogs pointed out that Hill's controversial comment at the United Nations didn't jibe with CNN's anti-hate programming. King or Mahatma Gandhi were equally important to preserving safety and attaining freedom".


Popular

River also appealing CONMEBOL decision, including Madrid switch
While CONMEBOL initially insisted the match would go ahead, the two sides' presidents agreed to postpone the second leg for 24 hours.

Astronaut Mike Massimino and NASA's Mars Insight mission
They were developed and built in NASA's Jet Propulsion Laboratory to transmit information to NASA from InSight . Museums, planetariums and libraries across the USA held viewing parties to watch the events unfold at JPL .

Washington Redskins at Dallas Cowboys NFL Betting Odds
The Washington Redskins are signing Mark Sanchez after losing starting quarterback Alex Smith to multiple injuries in Week 11. The Redskins (6-5) had a 13-10 lead after McCoy threw his second TD pass, a 10-yarder to Trey Quinn in the third quarter.

Mayweather, DJ Khaled Charged With Unlawfully Touting ICOs
But there were hints, however, that the SEC was preparing to whack Khaled for promoting cryptocurrency offerings. Meanwhile, Khaled paid $50,000 in disgorgement plus $100,000 in fines plus another $2,725 in interest.

Touchdown! NASA InSight Has Landed On Mars
The researchers will run simulations on their model at NASA's Jet Propulsion Laboratory before sending instructions to InSight. No lander has dug deeper on Mars than several inches, and no seismometer has ever worked on the planet.

Conor McGregor fined and banned from driving for six months
As a result, the state chose to pull all three charges pertaining to the driving license once McGregor put in his plead. After a two year lay off from MMA, McGregor returned in October, losing via a fourth-round submission to Nurmagomedov.

Life expectancy in the USA continues to fall
In the most rural counties, however, the 1999 rate of 13.1 per 100,000 had jumped by 53 percent, to 20 per 100,000 in 2017. The data also show that the increased deaths correspond strongly with the use of synthetic opioids known as fentanyls.

Suspected gunman in Thanksgiving Alabama mall shooting arrested, officials say
He is expected to be extradited from Georgia to Jefferson County Jail in Birmingham, Alabama, on $150,000 bond. Then they said Bradford had a gun in his hand, but didn't say that he was threatening anyone with it.

Trump cancels meeting at G20 with Putin over Ukraine tensions
The episode risks derailing a meeting between Donald Trump and Vladimir Putin at the G20 in Argentina this week. Putin said at a business conference Wednesday that "it's not us who set the goal to go away from the dollar".

FTC Chairman Says the Agency Plans to Look Into Loot Boxes
Contrary to assertions, loot boxes are not gambling... "They can enhance the experience. but have no impact on those who do not". Critics of loot boxes fear that it's a predatory practice that essentially exposes children to the idea of gambling.