United States will examine how to 'equalize' auto tariffs with China

'You better get back in there soon’: Trump vows to get tough with General Motors over plant closures

US President Donald Trump renewed his attacks on GM Thursday morning, sending a tweet in which he described the firm as "very counter to what other auto ... companies are doing". So is Mr. Trump correct?

Members of Congress from OH and MI will hold a news conference Thursday morning on the recently-announced General Motors plant closures.

They also cast a pall over this week's signing of the U.S. -Mexico-Canada Agreement, the hard-won successor to NAFTA that Larry Kudlow, the director of the National Economic Council, acknowledged Tuesday was created to foster the growth of the auto sector.

It's a sensitive issue for Trump because the blue-collar workers in the Rust Belt make up a significant block of his base. That largely ceremonial step has been uncertain as Canada and Mexico seek an end to their standoff with the USA over steel and aluminum tariffs. Brown, a potential challenger to the president in 2020, pushed Trump to support a bill he introduced earlier this year which aims to encourage auto manufacturing in the U.S.

"We are at crossroads", he said.

"The U.S. got hit harder than we did", said one Canadian government insider.

A 25 percent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on USA poultry. To him, his steel and aluminum tariffs have already proved their free-trade skeptics wrong: they have succeeded in propping up the domestic metal manufacturers they were meant to help. Construction spending on factories has yet to significantly take off after having fallen between 2016 and much of 2018.

GM announced Monday that it wants to shutter the plants and slash 14,000 jobs in North America.




Buyers of electric vehicles made by GM and other automakers get federal tax credits of up to $7,500, helping reduce the price as an incentive to get more of the zero-emissions vehicles on the road.

Dias said he would meet with the United Auto Workers on Wednesday and discuss the possibility of "mass actions" in GM plants across the two countries. It previously announced plans to build an additional 50,000 to 450,000 vehicles a year at the facility. Regardless of whether suppliers and OEMs continue to import steel from overseas or buy it domestically, they are paying more for steel to build their auto bodies.

In a series of tweets, Trump said that plans to introduce vehicle tariffs are now being studied.

German brands dominate the U.S. luxury auto market and account for tens of thousands of U.S.jobs at assembly plants alone, mostly in the U.S. South.

About 1 million electric vehicles have been sold in the US, or just more than 1 percent of the nation's fleet, E&E News recently reported. If they did, we'd have bloated, inefficient companies that employ people in make-work jobs and can't compete globally.

Ford's CEO said metal tariffs cost the automaker $1 billion in profits, and BMW cut its profit forecast, citing the trade war with China as a primary reason.

President Donald Trump and Democratic Sen. For GM and other automakers, he pledged to lower fuel economy standards in return for jobs.

Auto companies employ far fewer workers than they did in 2000.

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