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

Most importantly he said he wanted to stop the job loss the region has seen.

The US automaker explained its decision as a response to a slowdown in new-car sales, as well as to consumers shifting toward pickup trucks and sport-utility vehicles.

Trump boasted on Twitter Wednesday that Steel Dynamics, based in Fort Wayne, Indiana, was opening a new plant in the Southwest, creating 600 jobs. In his State of the Union speech he celebrated it as the first in decades, although General Motors, Toyota, Honda, BMW, Mercedes-Benz, Hyundai and Volkswagen built plants in the U.S.in recent years, USA Today reported. If companies don't want to pay Tariffs, build in the United States of America. Citing the existing 25 per cent tariff on imported small trucks, he claimed that if the same tariff applied to passenger cars, GM would not have closed its plants in Michigan, Ohio and Maryland.

Trump raised the heat on Tuesday, taking a shot at GM's push into overseas markets, especially China, where it now sells more vehicles than in the US. Get smart Congress. Also, the countries that send us cars have taken advantage of the USA for decades.

GM said on Monday that the Oshawa plant would close in December 2019.

Kudlow told reporters on Tuesday that the administration had helped GM with fuel efficiency standards and other regulations. "In my opinion and the opinion of people all over, GM has an obligation to invest back in us", Rankin said.

The White House rebuke appears to fly in the face of long-held Republican opposition to picking winners and losers in the marketplace.

Trump said on Wednesday that new auto tariffs were 'being studied now, ' asserting they could prevent job cuts such as the layoffs and plant closures announced this week. "You better get back in there soon", he said he told the CEO.


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.

President Donald Trump was highly critical of the plan, and threatened to cut subsidies to GM if they followed through. GM is expected to hit that 200,000-unit limit at near the end of this year, which triggers the process of diminishing the credit until it's phased out completely.

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

And it said "many" of the workers impacted by the plant closures "will have the opportunity to shift to other GM plants", where it produces popular and top-selling trucks and SUVs.

GM's announcement left manufacturing cities reeling.

Lighthizer said China's policies continue to cause "severe harm" to US manufacturers, and "as of yet, China has not come to the table with proposals for meaningful reform".

The German automaker said if it goes ahead with plans for a U.S. engine plant, it is because it needs to supply engines to its North American assembly plants.

"It's the classic Trump thing of policies he supports working against goals he also supports", Dutta added.


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