Trump retweets suggestion that General Motors should pay back bailout money

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

Ohio's top ranking Democrat, U.S. Senator Sherrod Brown, is proposing a measure in hopes of saving the Lordstown manufacturing plant from shutdown by General Motors, and he's reaching out to someone who's hardly an ally - President Donald Trump.

The Twitter account of Treasury Secretary Steven Mnuchin amplified a message from an anonymous account called "The_Trump_Train" on Wednesday that demanded GM "pay back the $11.2 billion bailout that was funded by the American taxpayer".

Numerous job cuts would affect the Midwest, the politically crucial region where the president promised a manufacturing rebirth.

Trump wrote that he was "Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland".

President Donald Trump is threatening to impose new tariffs on imported cars again. GM has not recently taken advantage of Canadian subsidies.

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

President Trump has threatened to impose tariffs on cars and auto parts imported from Europe or Asia.

Unifor president Jerry Dias's proposal to hit GM with tariffs as high as 40 per cent was not picked up by Mr. Trudeau in the discussion with Mr. Trump.

In addition to a previously announced factory closure in South Korea, GM said it would also cease operations of another two unspecified plants outside North America by the end of 2019.

Underlining the tough conditions about U.S. imposing tariff rate on Beijing, Larry Kudlow further said, "China should change its practices and come into the community of responsible trading nations".

In January, Toyota and Mazda said they would join forces to build a $1.6 billion plant in Alabama that will eventually employ up to 4,000 workers.

Trump has said in the past that those threats were meant as a way to extract concessions from other countries on unrelated trade matters. Trump believes that foreign countries dump low-priced items in the U.S. and make it hard for United States manufacturers to compete, a trend that he says has destroyed millions of jobs.

On November 26, General Motors announced it was cutting 15 percent of its workforce and closing plants in both countries to save $6 billion.

Mr Trump typically took to Twitter to announce further auto tariffs were "being studied now" after the vehicle manufacturing giant announced closures in a bid to boost production in the US.

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 U.S. competitiveness and raising costs.

Trump has also harshly criticized GM for building cars in China. More than 93 percent of that came through federal vehicle purchases for use by government departments.

GM's attempt to close the factories still has to be negotiated with the United Auto Workers union, which has promised to fight back. "I am here to protect America's Workers!"

"We need to find a way to get GM's attention", he said.



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