Auto tariffs being considered after GM layoff plans

GM stock slips as Trump threatens to cut subsidies

When news emerged late Sunday that the company was planning to shut down its flagship Canadian plant in Oshawa, Ont., putting more than 2,500 people out of work, social media set its sights on Trump's "America First" strategy for bringing manufacturing jobs back to US soil.

The Trump administration ordered a review of the retaliatory auto tariffs enacted by China and singled out General Motors suggesting they could have prevented the layoffs and plant closures by following the businesses practices of other vehicle companies.

President Donald Trump is saying he's "very disappointed" in General Motors closing plants - and he says the White House is "looking at cutting all subsidies" for the auto giant.

GM, which said it has invested more than $22 billion in us operations since it came out of bankruptcy in 2009, has tried to appease the Trump administration while justifying its decisions.

Neymar's antics vs. Liverpool were unsurprising foolish to expect otherwise - James Milner
Such a regression in Europe would be a big blow to Liverpool , even if it could conceivably help them in the Premier League . Mohamed Salah fired wide before Marco Verratti was perhaps fortunate only to be booked for a high tackle on Joe Gomez .

BMW offered its own response to the president's tweet, confirming only that they "are considering building an engine plant in the U.S". "Otherwise, lets just make our Country richer than ever before!" On Tuesday, the day after GM's announcement, he tweeted out threats to cut all the subsidies GM receives, including tax breaks for electric vehicles.

In response to the threat, GM issued a statement on Tuesday noting that the company it is committed to maintaining a strong manufacturing presence in the us and also offered to shift numerous USA workers impacted by plant closures to other GM plants. "Nothing being closed in Mexico & China". "Ohio's been good to General Motors and General Motors understands OH".

U.S. Senator Sherrod Brown wants Congress to move on his "American Cars, American Jobs Act" which would end tax cuts for companies that move overseas and put that revenue into incentives for customers to buy American-made cars.

It's unclear whether Trump has authority to revoke subsidies without action by Congress.

Manchester United activate one-year extension on David De Gea contract
Mourinho remains under pressure to achieve Champions League football next year and an improvement in form. Fellaini's goal secured United's place in the round of 16 of the Champions League with a game to spare.

Trump blasted GM's announcement this week that it will shed up to 14,000 workers in North America.

We appreciate the actions this administration has taken on behalf of the industry to improve the overall competitiveness of USA manufacturing.

Trump has long promised to return manufacturing jobs to the United States and particularly the Midwest.

The president, who has made trade wars a signature of his "America first" administration, was angered by GM's decision to cut thousands of jobs in a series of plant closures, including in OH and MI. 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. The right-leaning Tax Foundation noted last month that two other bills also address the issue. That fell to 8,200 in 2017 after Trump became president.

The Best Cyber Monday deals of 2018
While many Nintendo Switch bundles have gone out of stock by now, you can still get a lovely bargain from Walmart. The Pokémon games will be released in conjunction with a separately sold, $50 device called the Poké Ball Plus .

The threat of auto tariffs continues to loom large over the vehicle manufacturing sector. "Today, GM is continuing to take proactive steps to improve overall business performance, including the reorganization of its global product development staffs, the realignment of its manufacturing capacity and a reduction of salaried workforce".

Related news:

Hot News

isis-killer-beheading-video-story-top Kareem Hunt caught on video in confrontation with woman
Dec 01, 2018 - 04:00
While the next steps are unclear, Graziano reports that it's likely that Hunt will be placed on the commissioner's exempt list. A man attempts to get in between the two and Hunt overpowers the man, shoving the woman again and she falls to the floor.

isis-killer-beheading-video-story-top Project Fi is Officially Rebranded as Google Fi
Nov 30, 2018 - 04:16
The service, in essence, would unify all telecom operators, providing users 4G LTE speeds along with 24*7 human-to-human support. All users have to do is open the Digital Wellbeing toggle in the settings menu, and they can automatically see all the data.

isis-killer-beheading-video-story-top Why Meghan Markle and Prince Harry Are Moving
Nov 30, 2018 - 03:59
Now Harry and Meghan don't want to live next to William and Kate and want to strike out on their own. Meghan Markle and Kate Middleton at Wimbledon.

isis-killer-beheading-video-story-top China hopes for positive results from U.S. talks at G20
Nov 30, 2018 - 03:35
"I am open to making a deal but frankly I like the deal that we have right now", he said. The Trump administration is divided into rival camps when it comes to China.

isis-killer-beheading-video-story-top Mississippi Republican overcomes gaffes to win final 2018 Senate race
Nov 30, 2018 - 03:05
She had the backing of the state and national Republican establishment and by Trump throughout the controversies. The final tally isn't in yet but with 88% of precincts reporting, Hyde-Smith leads 54.8% to Espy's 45.2 percent.

isis-killer-beheading-video-story-top Cohen's Trump Tower Lies Were Part Of Mueller's Questions For Trump
Nov 30, 2018 - 02:51
The president also said he had not explicitly offered a pardon to Manafort, but: "I'm not taking anything off the table". Cohen made a surprise appearance Thursday in a NY courtroom to enter the plea.

isis-killer-beheading-video-story-top Ivanka Trump says her private emails not like Clinton's
Nov 30, 2018 - 02:46
He told reporters last week all of her government-related emails sent on the account have been placed "in presidential records".

isis-killer-beheading-video-story-top Video shows gender reveal that started Arizona wildfire
Nov 30, 2018 - 02:16
For his part, Dickey was forced to pay $220,000 after pleading guilty to a misdemeanor charge of starting a fire without a permit. According to NBC News, the Sawmill fire burned some 47,000 acres and required a total of 800 firefighters to contain it.

isis-killer-beheading-video-story-top Almost 150 pilot whales washed ashore on remote New Zealand island
Nov 28, 2018 - 03:01
Cetaceans' stranding is quite frequent in New Zealand, with an average of 80 whales and dolphins beaching themselves every year. On Saturday night the Department of Conservation [DoC] was informed of a mass whale stranding in Mason Bay on Stewart Island.

isis-killer-beheading-video-story-top Red Dead Online's Public Beta Launches Starting Tomorrow for Select Players
Nov 28, 2018 - 02:43
Thursday, November 29th: All players who played Red Dead Redemption 2 between October 26th to October 29th according to our data. This may not be shocking news, but it is exciting news nonetheless - the Red Dead Online beta will include a battle royale mode.

isis-killer-beheading-video-story-top Manafort reportedly visited WikiLeaks' Assange in lead-up to election
Nov 28, 2018 - 02:00
He went there demanding political asylum after he failed to block his extradition to Sweden where he was wanted on rape charges . For more than a year now, Manafort has been at the heart of several unresolved threads of the Mueller investigation.

isis-killer-beheading-video-story-top Cindy Hyde-Smith gets boost from Donald Trump at MS rally
Nov 28, 2018 - 00:31
Hyde-Smith remarked that she would go to a "public hanging," a comment she said was made in jest and eventually apologized for. Democrats are hoping to pull off an Alabama-style upset in the state after a series of missteps from Hyde-Smith.

isis-killer-beheading-video-story-top GM Closing Lordstown Plant In 2019, Cutting Thousands Of Jobs
Nov 28, 2018 - 00:23
When, not if, a recession hits - and we're about due - it'll be hard politically for the company to justify layoffs. About 6,000 factory workers could lose jobs in the USA and Canada, although some could transfer to truck plants.

isis-killer-beheading-video-story-top NASA Control Room Erupts in Celebration Over Successful Spacecraft Touchdown on Mars
Nov 27, 2018 - 05:29
Scientists hope that this information can help us have a better understanding of how planets are formed - including our own. When confirmation of the landing came through, mission control at NASA's Jet Propulsion Lab erupted in applause and cheers.

isis-killer-beheading-video-story-top Meghan Markle said to be causing a 'rift' in the royal family
Nov 27, 2018 - 05:07
So it makes total sense that once Meghan and Harry welcome their first child, Doria will be all over those grandma duties. William is a husband and father of three and his focus is primarily on them, and Harry will soon be a father.