• Home
  • About Team
  • Advertise with us
  • Privacy Policy

  • Markets
  • Culture&Arts
  • Sci-tech
  • Sport
  • People
  • Medicine
  • U.S.

Trump looks into tariffs on car imports

  • by Claude Bryan
  • in Markets
  • — Nov 30, 2018
Share:

Trump has threatened to eliminate all federal subsidies to GM in response to the company's planned closure of five plants and the elimination of 14,000 jobs in North America.

President Donald Trump is not happy with that decision. Ford said it will cut jobs, Toyota is threatening to and BMW's exports have slumped.

Or at least, it would be problematic if GM received federal subsidies.

General Motors announcement of their Lordstown plant closing has been the topic of discussion between Ohio's senators.

Democrats and Republicans in Congress and union leaders are also pressuring the company to keep the plant running, in what's now a high-stakes decision for all involved, not just for the workers and the battered Rust Belt community nervously watching.

That followed several Tuesday presidential tweets, which the White House has said are official policy statements, saying he is "Very disappointed" with GM for ceasing work at facilities in those states but "Nothing being closed in Mexico & China".

After Khashoggi, Saudi prince looks to rebuild image overseas
In a previous statement, Graham also said that the Crown Prince is "toxic" to U.S. - Saudi relations. Lee said the war in Yemen is "unauthorized" and "unconstitutional" from the US standpoint.

There are many anonymous Twitter accounts that post inaccurate information in support of Trump, but "The_Trump_Train" made quite an impact within the White House on Wednesday.

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. Thus far, the president has signaled an unwillingness to compromise on US demands of Beijing, but analysts have suggested he'll need a deal for a political and economic win. GM will stop production at the Lordstown, Ohio, and Hamtramck, Mich., assembly plants. The plant already employs 10,000 workers.

Keeping open a plant slated for closure is not without precedent for GM. Some workers transferred to a plant in Tennessee, while others took buyouts or retired, but there are still almost 700 in the area on layoff. "GM pocketed the tax break we gave them and are closing up shop anyway, with nary a word from the president until after the fact", Schumer said.

"The goal of Treasury's investment in GM was never to make a profit, but to help save the American auto industry, and by any measure that effort was successful", Treasury Department spokesman Adam Hodge said at the time. "They say the Chevrolet Cruze is not selling well". He said it was evidence that steel jobs were returning to America because of tariffs he imposed on steel imports.

Despite the job growth in recent years, auto companies employ far fewer workers than they did in 2000. "We are now looking at cutting all @GM subsidies, including.for electric cars", he wrote in two Tuesday afternoon tweets.

It's not clear precisely what action against GM might be taken, or when, and there are questions about whether the president has the authority to act without congressional approval. But while the U.S., Canada and Mexico are set to sign an updated trade deal on Friday, negotiations with China have shown little progress. "In my opinion and the opinion of people all over, GM has an obligation to invest back in us", Rankin said. "I don't want to move".

Share:

IN CASE YOU MISSED IT

  • Canada imposes sanctions on 17 Saudis over killing of journalist Khashoggi
  • Trump says US very close to China trade deal
  • Nancy Pelosi Wins Democratic Speaker Nomination
  • YOU MAY ALSO LIKE...

    • China raises hopes of trade deal with Trump as Xi joins talks 2/15/2019
    • Nigeria’s daily oil production falls to 1.99 million barrels 2/15/2019
    • UK PM offers Opposition leader more talks over Brexit 2/13/2019
    • 'Green New Deal' to get vote in Senate 2/13/2019
    • Germany to not exclude Huawei from 5G networks 2/10/2019
    • Bitcoin exchange president’s death puts $137M out of reach 2/09/2019
    • Jeff Bezos claims tabloid tried to blackmail him with explicit pics 2/08/2019
    • Facebook profits hit record high (despite year of scandals) 2/07/2019
    • US Employers Add 304,000 Jobs in January 2/04/2019
    • USA sets deadlines in Venezuela oil sanctions 2/03/2019

RELATED NEWS

Priyanka Chopra and Nick Jonas' wedding is going to be 'over
He took her to Crete and she thought it would be a birthday trip. "Forty-five seconds of silence", Nick revealed. The following year, they met at the Vanity Fair Oscars After Party .
11/30/2018

Emery: Smith Rowe an example to Arsenal's youngsters
Arsenal have arrived in the Ukrainian capital city of Kiev for their UEFA Europa League group-stage match against Vorskla Poltava. Teenage midfielder Emile Smith Rowe is also likely to get another start in the competition.
11/30/2018

Barcelona v Tottenham: Mauricio Pochettino believes Spurs can win
I don't even dare to have a shadow of a doubt. "But we have belief and faith that we can win", Pochettino said. Lloris told RMC Sport: " We need to at least repeat the Inter result to reach the next round ".
11/30/2018

First Pictures of Planet Mars Emerge From NASA's Lander Mission
Just north of its equator, it's also a great place for InSight's solar panels to generate power for long periods. NASA's next mission, the Mars 2020 rover, will prowl for rocks that might contain evidence of ancient life.
11/30/2018

Amgen selects AWS for vast majority of cloud infrastructure
They can then quickly combine the data with other AWS services to process and transport the data to keep up with the rapidly-evolving conditions.
11/30/2018

FDA: Some romaine lettuce now safe to eat
On top of that, Canada's Public Health Agency has identified patients infected with the same DNA fingerprint of E. coli . Most E. coli strains are harmless to humans, but some varieties can cause severe illness.
11/29/2018

Madrid eye champions league consolidation against Roma
Real Madrid enters the game atop Group G and can clinch first place with a win over its host. Bale said: "The manager told us at halftime we needed to keep playing the way we know".
11/29/2018

Trump eyes more China tariffs, pushing total upwards of $500bn
If no deal is reached during that meeting, he intends to impose tariffs of 10% to 20% on all remaining imported goods from China. Since then, communications have picked up between the two sides, said Kudlow. "That includes women's economic empowerment".
11/29/2018

NFL ICYMI: Baker’s got no love for Hue; Browns matter now
The controversy surrounding his relationship with Jackson overshadowed an otherwise solid day for the 2018 first overall pick. Mayfield, however, quickly responded to Woody with a comment posted on First Take's Instagram page. "Good try though buddy".
11/29/2018

Baker Mayfield Shares Why He Snubbed Hue Jackson After Browns Beat Bengals
The Browns are now 4-6-1, which is monstrous progress compared to their 2017 season where they couldn't even get a win. He is the fourth rookie in National Football League history to have a rushing and a receiving TD in consecutive games.
11/29/2018

Furious Chelsea Boss Maurizio Sarri Lays Into N'Golo Kante
The Belgian superstar has had to contend with several slight problems in recent months and is now suffering with an ankle complaint.
11/29/2018

LeBron James loses defender with 360, stuffs slam
It saw them score 33 points on 50 percent shooting from the floor along with six assists on 10 made field goals in the period. The Rockets appeared to be rebounding when they won five in a row last week, but have since dropped two straight.
11/29/2018

Celtics 124, Pelicans 107 — Postgame wrap
He's playing on our team. "No one's anxious about who's getting the ball, we're just focused on the defensive end". We want to push the ball and play at a high pace. "We keep saying and doing the same thing after every game".
11/29/2018

Trump says he's willing to shut down government over border wall funding
Senate Democrats say they're willing to put $1.6 billion on the table, a number that's far from what the White House wants. Despite Trump's desires, a current lack of will to compromise from Democrats makes getting the wall funding seem unlikely.
11/29/2018

Kremlin says Putin-Trump meeting will explore ways out of deadlock
Moscow later backed pro-Russian separatists in eastern Ukraine in a conflict in which more than 10,000 people have been killed. Trump on Tuesday threatened to cancel planned talks with Putin at this week's G20 summit in Buenos Aires over the incident.
11/29/2018

    • Top picks

      • Trump optimistic in midst of key trade talks with China2/01/2019
      • Border Patrol Agents’ Wives Invite Pelosi to Texas to ‘Show Her Around’1/29/2019
      • Trump’s DOJ Charges Huawei With Fraud Amid Heightened Tensions With US1/29/2019
      • Shutdown Projected to Cause $3 Billion Permanent Hit to Economy1/29/2019
    • Weekly News

      • Maduro rejects European demands for new election1/28/2019
      • Search for 300 missing after deadly Brazil dam collapse1/27/2019
      • Huawei will unveil world's first 5G foldable smartphone next month1/26/2019
      • Tesla's Model 3 is finally coming to Europe1/25/2019
    • Latest News

      • Amazon sales, profit top estimates as retail, advertising soar2/02/2019
      • Moscow 'sends $1.2bn in gold' to aid Venezuela's Maduro2/02/2019
      • India Keeps Oil Trade With Venezuela2/02/2019
      • World stocks surge on Fed pledge to pause, dollar slips2/01/2019
    • Home
    • About Team
    • Advertise with us
    • Privacy Policy

    Sunday 17 February 2019

    © 2019 . ALL RIGHTS RESERVED.