Trudeau, Trump expresses 'disappointment' over General Motors plant closures

Ann Santiago
December 1, 2018

President Donald Trump and Democratic Sen. Most importantly he said he wanted to stop the job loss the region has seen.

His tweets cited his disappointment with GM CEO Mary Barra and also referred to the 2008 government bailout of the USA vehicle industry. But much of that gain has already been wiped out by Trump's tweets yesterday. The changes come as part of a global restructuring for the company, which has said it will move away from lower-selling sedan models to focus on electric and autonomous cars, as well as crossovers, SUVs and efficient trucks.

"We've done this to help you and I think his disappointment is, it seems like that they kind of turned [their] back on him."

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.

"This is a great reminder to President Trump and his administration that tariffs add costs, which could lead to potential plant closures", he said in an interview. "I told him I want to work with this administration to put a vehicle back in Lordstown as soon as possible". The price of those goods rose since the Trump administration imposed tariffs on those products in an effort to help USA mills.

President Donald Trump was highly critical of the plan, and threatened to cut subsidies to GM if they followed through.

"The only deal would be China has to open up their country to competition from the United States", according to Trump.

Trump's harsh words rattled investors, who bid down GM shares by 2.6 per cent on Tuesday after sending them up on Monday in response to the automaker's cost-cutting.

"We appreciate the actions this administration has taken on behalf of industry to improve the overall competitiveness of USA manufacturing", the GM statement said.

President Donald Trump Thursday morning pushed back at General Motors for its plans to stop production at USA factors and cut out thousands of jobs, tweeting that its plans run counter to other economic successes under his administration.

Brown asked the president to back a bill he introduced that he said would do more to encourage automakers to manufacture in America. By nearly any measure,, unemployment, personal income are at their best levels ever. Mr. Bains said the lesson of the planned GM plant closings in Canada and the United States is that tariffs don't work, pointing to the USA tariffs on steel and aluminum. But by connecting the threat to GM's plans, he could put extreme pressure on other world leaders as they prepare to gather at the G-20 meeting in Argentina later this week. The president said that he was "very tough" with GM CEO Mary Barra when speaking with her after the announcement. But it later negotiated concessions from the union and reopened the plant to build the Chevrolet Sonic subcompact auto.

BMW builds more cars in its USA factory than it sells in the United States.

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

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