Trump pushes for more auto tariffs

Trump promised to fix tax law to save GM jobs in U.S. Democratic Sen. Sherrod Brown says

President Donald Trump retweeted a supporter's call for General Motors to repay billions to the federal government it received as part of last decade's auto industry bailout.

"If we did that with cars coming in, many more cars would be built here", Trump said, "and G.M. would not be closing their plants in Ohio, Michigan & Maryland".

"The US saved General Motors, and this is the THANKS we get!"

Trump boasted on Twitter Wednesday that Steel Dynamics, based in Fort Wayne, Indiana, was opening a new plant in the Southwest, creating 600 jobs.

GM shares closed down 2.6 percent at $36.69 in NY trading on Tuesday.

"They underscored their concerns for the workers, for the communities and for the families that are affected by this decision", a senior Canadian official told reporters.

Following Trump's tweets on Tuesday afternoon, a person familiar with GM's financials told CNN Business that the only federal government subsidy GM now receives is a tax credit up to $7,500 for each electric auto it sells.

Numerous job cuts would affect the Midwest, the politically crucial region where the president promised a manufacturing rebirth. Kudlow, who met with Barra on Monday, said Trump felt betrayed by GM.

The president also said other countries sending their cars to the US have been taking advantage of the situation for decades. "We've done this to help you and I think his disappointment is, it seems like they kind of turned their back on him".

A White House rebuke to GM would fly in the face of long-held Republican opposition to picking winners in the marketplace.

Rep. Tim Ryan and Rep. Marcy Kaptur are expected to urge GM to reverse course and ask President Donald Trump to act. It's not clear precisely what, or when, action may be taken.

In response, Trump could try to make it more economically viable for GM to continue to produce cars or other vehicles in the United States to stem the layoffs and prevent further losses.

The Nintendo Creators Program Is Shutting Down, But Questions Remain
A lengthy F.A.Q. has more comprehensive answers about the Nintendo Creators Program ending and the new rules that will replace it. The plan was that Nintendo would take 40% of ad revenue from individual videos and 30% from channels registered with the program.

"The president's not one to take a lot of responsibility for his own issues, problems", Brown told CNN's John Berman. The closures will cost over 14,000 people their jobs.

GM's announcement left manufacturing cities reeling.

'We're just trying to lift spirits and that what all this (the vigil) is all about'.

"GM is committed to maintaining a strong manufacturing presence in the USA, as evidenced by our more than $22 billion investments in US operations since 2009", the company said in a statement, referring to the year of its government-backed bankruptcy. GM then started offering buyouts to 18,000 workers, before moving on to the plant closures announced this week.

Before GM can shutter factories next year in Michigan, Ohio and Ontario, Canada, it must reach agreement with the United Auto Workers union.

GM is committed to maintaining a strong manufacturing presence in the US, as evidenced by our more than $22 billion investments in USA operations since 2009. Before the GM layoffs, automakers were on pace to add roughly 9,000 jobs this year.

BMW Group Chairman and CEO Harald Krueger on Tuesday told reporters that his company could consider a second plant in the U.S. It now runs an assembly plant in SC, and will officially open a factory in Mexico next year.

Brown has said he repeatedly tried to get GM to keep the plant open in recent months. GM will stop production at the Lordstown, Ohio, and Hamtramck, Mich., assembly plants. He also said he had told GM CEO Mary Barra to open up a new facility in OH and stop making cars in China. The United States slapped an additional 25 percent tariff on Chinese-made vehicles earlier this year, prompting China to retaliate.

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

The reductions could amount to as much as 8 percent of GM's global workforce of 180,000 employees.

In his latest attack, Mr Trump pointed to the 25% duty on imported pickup trucks and commercial vans from markets outside North America as supporting the industry.

Companies subject to Trump's attacks typically have been reluctant to respond directly, but industry groups like the Business Roundtable have frequently criticised the administration's trade policies for damaging USA competitiveness and raising costs. It found that households earning more than $50,000 per year claimed 99 percent of the credits.

Related News:

  • Janhvi Kapoor opens up about Rape Threat

    Janhvi Kapoor opens up about Rape Threat

    Priyanka Chopra recently participated at an event where she revealed how nasty comments on social media affect her. The actor went on to state that she naturally feels very protective of her family and tends to be guarded.
    Facebook has a 'black people problem,' ex-employee says

    Facebook has a 'black people problem,' ex-employee says

    The memo was initially sent to all of Facebook's staff on November 8, shortly before Luckie's last day as an employee. In it, Luckie outlines how Facebook is "failing its black employees and its black users".
    Is the Hyundai Palisade is worthy of the flagship label?

    Is the Hyundai Palisade is worthy of the flagship label?

    Expect it to rank closely to that of its rivals in order to remain a viable option for buyers amongst the established SUV brands. Hyundai has integrated a heads-up display (HUD) into the Palisade with intentions of keeping the driver's eyes on the road.
  • U.S. life expectancy drops, overdoses climb - govt report

    The top 10 causes of death , which account for 74 percent of mortality in the U.S. , remained the same between 2016 and 2017. In a separate report, the CDC's National Center for Health Statistics reported the suicide rate increased by 3.7 percent.
    Pope charmed as boy climbs on stage to play

    Pope charmed as boy climbs on stage to play

    And he has something that made me think: He's free. "And let us ask for the grace that he may be able to speak", the pope concluded.
    Putin, Xi Set to Test 'America First' Trump at G-20

    Putin, Xi Set to Test 'America First' Trump at G-20

    President Donald Trump wearing a diaper in front of Congress in Buenos Aires , Argentina, Thursday, Nov. 29, 2018. Opponents to the G20 summit carry a giant inflatable doll depicting U.S.
  • Hoover mall shooting suspect arrested in Georgia

    Hoover mall shooting suspect arrested in Georgia

    Mr Brown was reportedly arrested at a relative's house in South Fulton county near Atlanta, in the neighbouring state of Georgia. According to the Alabama Law Enforcement Agency, additional charges are expected to be filed against Brown.
    Trump abruptly cancels Putin meeting after Russian Federation  probe bombshell

    Trump abruptly cancels Putin meeting after Russian Federation probe bombshell

    Russian Federation said Ukraine didn't have permission to pass between Russia's mainland and the Crimean Peninsula. While Trump's statement was strongly worded, he has made similarly dramatic moves before only to walk them back.
    Another year, another decrease in life expectancy in the US

    Another year, another decrease in life expectancy in the US

    Drug overdose deaths hit a new record high - 70,237 past year , according to another new CDC report . Deaths attributed to opioids were almost six times greater in 2017 than they were in 1999.
  • 'Springsteen on Broadway' Netflix Special Trailer

    'Springsteen on Broadway' Netflix Special Trailer

    This time of year it's impossible to turn on the radio without hearing Bruce Springsteen's cover of "Santa Claus is Coming to Town".
    Audi e-tron GT revealed as four-door 440kW Tesla fighter

    Audi e-tron GT revealed as four-door 440kW Tesla fighter

    A magnetic field is then established between that and another coil in the vehicle to activate the charging mechanism. Even the deep-pile floor carpet is made from sustainable Econyl yarn, a recycled fiber made from used fishing nets.
    Upcoming Android Auto Update Improves Media Discovery and Messaging

    Upcoming Android Auto Update Improves Media Discovery and Messaging

    Back in May of this year, we had the opportunity to preview a new version of Android Auto that's built right into the vehicle . The messaging features are now available for Messages, Hangouts, and WhatsApp, with more supported apps on the way.

Most liked

Angela Merkel to miss G20 opening after emergency landing in Cologne
The aircraft had to turn back from Netherland and land in Cologne as it was on the base available with a replacement plane. The Airbus A340 government aircraft is named Konrad Adenauer after West Germany's post-war chancellor.

Baker Mayfield doesn't regret calling Hue Jackson "Fake"
It's the fact that I get to have my own opinion on how [the move to Cincinnati] transpired, and he gets to do what he wants". Mayfield also said there were things that happened behind the scenes with Jackson in Cleveland that people don't know about.

Netflix Cancels "Daredevil" After Three Seasons
Both have new seasons in the pipeline that are now slated to air on Netflix as planned, according to Deadline's sources. These Marvel cancellations come as Disney is gearing up to launch its own competitive streaming service, Disney+ .

CDC: You can eat some romaine lettuce; check labels
Romaine lettuce harvested outside those regions "does not appear to be related to the current outbreak", the FDA said. The investigation continues into where the recent romaine lettuce containing a strain of E. coli bacteria originated.

Barrett, Duke put lone loss behind them with rout of Indiana
It's us versus them", IN senior forward Juwan Morgan said. "I can't wait to get there and the ball is in the air, the jump ball. IN got off to a slow start in the first half, allowing Duke to take control in the first half and build a 53-29 halftime lead.

Potential Blockbuster Trade Involving Mets, Mariners Gaining Momentum
Cano has a no-trade clause but most think he would waive it to return to NY , where he starred for the Yankees from 2005 to 2013. He signed a 10-year, $240 million contract with the Mariners in December 2013, a deal that runs through his age-40 season.

People’s Vote complains over lack of second referendum voice in TV debate
The back-and-forth began after the BBC announced Conservative leader May had accepted its debate offer, but that it was still waiting to hear back from Corbyn.

Bucks hopeful to get John Henson back by or before the playoffs
In other games the Charlotte Hornets beat the Atlanta Hawks 108-94 and the Philadelphia 76ers saw off the New York Knicks 117-91. Milwaukee Bucks veteran big man John Henson underwent surgery on Tuesday to fix the torn ligament in his left wrist.

Blast in China's Hebei province kills 22, injures at least 22
A government report found the disaster was caused by hazardous materials that had been improperly or illegally stored. At least 22 people have died and 22 more were injured in a blast outside a chemical factory in northern China .

US Navy ships sail through Taiwan Strait
Navy ships have continued to sail past those islands claimed by China to demonstrate freedom of navigation through global waters. Navy conducted a similar mission in the strait's global waters in July, which had been the first such voyage in about a year.

Texas Tech Red Raiders hiring Matt Wells from Utah State Aggies
UPDATE (Nov. 29, 6:04 p.m.): Football Scoops reports that Matt Wells has agreed to a deal to become Texas Tech's next head coach. Under Wells, the Aggies have been tough at home, going 27-9 at Maverik Stadium in his six years at the helm.

Marc Lamont Hill keeps Temple University professor job after CNN firing
King or Mahatma Gandhi were equally important to preserving safety and attaining freedom". On Thursday morning, Hill attempted to defend his remarks on Twitter.

Microsoft briefly toppled Apple as the most valuable company in the world
It is anticipated to bring home a profit of nearly 8.8 billion dollars in the first quarter of the new year 2019. Microsoft's dominance in the PC software market gave it a market value that was larger than Apple's for years.

Nick Jonas and Priyanka Chopra’s wedding celebrations begin
Joe took inspiration from his ladylove's look as he wore a pair of similarly toned checked pants and a basic white T-shirt. Priyanka Chopra , 36, and Nick Jonas , 26, got engaged in a private roka ceremony in Mumbai in August this year.

CDC fights rare spinal cord illness: 4 things to know
There are 15 cases in Colorado, the state with the highest number, followed by Texas with 14 confirmed cases. Officials still have no idea what causes acute flaccid myelitis (AFM), nor how to treat or prevent it.