Why Donald Trump Keeps Telling Himself That Tariffs Are Working

U.S. President Donald Trump speaks before pardoning the National Thanksgiving Turkey ‘Peas,’ in the Rose Garden at the White House in Washington DC. on Tuesday
'You better get back in there soon’: Trump vows to get tough with General Motors over plant closures
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01 December, 2018

Material from the Associated Press was used in this report.

The president said that he was "very tough" with GM CEO Mary Barra when speaking with her after the announcement. Sherrod Brown hold at least one common goal: getting General Motors (GM) to abandon its plan to lay off workers at an OH plant.

GM, now the second largest electric vehicle seller in the USA, is on track to reach the 200,000 threshold by the end of this year, tech news site Clean Technica has reported, meaning that most of the electric cars that GM sells in 2019 and beyond won't qualify for the tax break anyway. "The U.S.A.is booming!" he tweeted.

Not quite. Ford just last month announced that it would be forced to lay off employees as it cuts costs.

It was the latest angry outburst from Trump who has frequently attacked United States companies that fail to fall in line behind his promises to protect USA jobs. Trump has also threatened to impose duties on $267 billion worth of goods if China does not surrender to his demands.

But the president seemingly hasn't done the math on how cutting subsidies would actually affect GM. Other agencies have received similar instructions, the person said. Rick Schostek, executive vice president for Honda North America, expressed concerns about the steel tariffs during a Senate Finance Committee hearing in late September.

US Trade Representative Robert Lighthizer said in a statement on Wednesday that he "will examine all available tools to equalize the tariffs applied to automobiles".

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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.

Donald Trump won Trumbull County, which is home to the GM Lordstown plant. "So we're comfortable with where we are", Burritt said, according to a transcript. Volvo is opening a plant in SC, but those plans date to 2015.

Addressing the closure of the assembly plants in the US, President Donald Trump stated Wednesday that the government was studying possible vehicle tariffs. In speaking with plant officials when I was in office, I learned it would take minimal investment to adapt the line at Lordstown to be able to make the hatchback Cruze that is now being made in Mexico.

The threat of auto tariffs continues to loom large over the vehicle manufacturing sector.

United States trade representative Robert Lighthizer has on Wednesday, slammed Beijing for not proposing a "meaningful reform" against the trade policies, which is resulting is harming USA workers and also the industry, and threatens China to impose tariff rate on Chinese autos.

Such tariffs, according to an analysis released by the Peterson Institute for International Economics in May, could see production fall by 1.5% and "cause 195,000 United States workers to lose their jobs over a 1- to 3-year period or possibly longer".

A survey of more than 800 US firms confirms that president Donald Trump's unwarranted trade war will severely hurt American business and consumers in 2019 and will also fail to bring manufacturing jobs overseas back to the country.


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