Trump Slams GM: Plants Close as Economy Grows

Donald Trump Threatens To Cease Federal Subsidies To General Motors

A similar tariff on vehicle imports would mean "many more cars would be built here" and "GM would not be closing their plants in Ohio, Michigan & Maryland", he tweeted.

Since Tuesday, Mr. Trump has vented his anger at GM after the company announced plant closings in the US and Canada, at a cost of more than 14,000 jobs.

The White House confirmed the call and used similar language, saying: "The two leaders discussed their disappointment in the announced closures of General Motors plants in their respective countries and their plans for the upcoming G20 Summit".

"The U.S. saved General Motors, and this is the THANKS we get!" the president tweeted on Tuesday, referring to the government bailout of the automaker a decade ago.

The president floated the idea of cutting subsidies for GM's electric cars program. White House press secretary Sarah Huckabee Sanders said that she did not have any additional information on the president's threat.

About half the workers laid off from those plants would have a chance to relocate to other GM operations, according to the company.

Senator Rob Portman believes GM could return to Lordstown when they begin manufacturing electric vehicles in place of the Chevy Cruze. The company also said it would cut more than 8,000 white-collar jobs and close a Canadian plant as it downsizes to free capital to invest in autonomous and electric vehicles.

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"The GM site in Lordstown, should it be sold by General Motors, is a ready-made facility in an excellent location outside of Youngstown on the Ohio Turnpike".

We appreciate the actions this administration has taken on behalf of the industry to improve the overall competitiveness of USA manufacturing. GM is expected to hit that 200,000-unit limit at near the end of this year, which triggers the process of diminishing the credit until it's phased out completely. GM announced some fresh investments in USA factories, which seemed to placate Trump.

"As the president has repeatedly noted, China's aggressive, state-directed industrial policies are causing severe harm to U.S. workers and manufacturers", Mr Lighthizer said.

Separately, US trade representative Robert Lighthizer said he was examining options to raise US tariffs on Chinese vehicles to 40% - the level Beijing charges on US-made cars. 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.

GM officials claim that their decisions are because of the decrease in popularity of the sedan in favor of SUVs among consumers. GM did receive government bailout funds after the financial crisis, as did many other companies, but it repaid its USA loans - $6.7 billion - in 2010.

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. Those tariffs are set to rise from 10% to 25% at the beginning of next year, putting yet another price hike on automakers' plates.

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