Leroy N. Soetoro
2018-11-29 23:48:22 UTC
https://www.freep.com/story/money/cars/general-motors/2018/11/28/trump-
threatens-gm-subsidies-tariffs/2136367002/
WASHINGTON President Donald Trump on Wednesday morning continued to rail
against General Motors' announced closures and layoffs, using them to
again threaten tariffs on imported autos and auto parts.
It came a day after Trump proposed yanking federal subsidies potentially
worth tens of millions a year to the automaker, though it was unclear he
could do so unilaterally, and a member of Michigan's congressional
delegation, U.S. Rep. Debbie Dingell, D-Dearborn, supported his doing so
if jobs are headed overseas.
"This has to be the most thoroughly disliked company in Washington, D.C.
right now," Dingell, who worked for GM years ago, told CNN.
In tweets Wednesday, Trump mentioned the so-called chicken tax a 25
percent tariff placed on imported light-duty trucks in the U.S. initially
created in response to other countries' taxes on imported chicken from the
U.S. as "The reason that the small truck business in the U.S. is such a
go-to favorite."
"If we did that with cars coming in, many more cars would be built here,"
Trump tweeted.
Trump has been threatening for much of his presidency to tax imported
autos and auto parts, saying it would save and create manufacturing jobs
in the U.S. His administration is in the midst of a review of whether such
a move could be made under national security grounds.
But many carmakers are dead-set against such a move, saying it would
increase the costs of production and set in motion a trade war that could
hurt their businesses. In September, other Republicans on the Senate
Finance Committee criticized the proposal as well, citing estimates they
could result in a $73-billion tax increase on consumers and put hundreds
of thousands of jobs at risk.
Trump argued again Wednesday, however, that tariffs may be the incentive
needed for GM to keep U.S. plants open in the wake of an announcement
Monday that it would shed some 14,000 jobs nationwide and close assembly
plants in Michigan, Maryland and Ohio.
If tariffs were put in place, he said, "G.M. would not be closing (those)
plants. Get smart Congress. Also, the countries that send us cars have
taken advantage of the U.S. for decades."
He ended with a threat, noting that regardless of congressional action,
"The President has great power on this issue Because of the G.M. event,
it is being studied now!"
Donald J. Trump
?
@realDonaldTrump
The reason that the small truck business in the U.S. is such a go to
favorite is that, for many years, Tariffs of 25% have been put on small
trucks coming into our country. It is called the chicken tax. If we did
that with cars coming in, many more cars would be built here.....
37.1K
6:43 AM - Nov 28, 2018
Twitter Ads info and privacy
14.5K people are talking about this
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Donald J. Trump
?
@realDonaldTrump
.....and G.M. would not be closing their plants in Ohio, Michigan &
Maryland. Get smart Congress. Also, the countries that send us cars have
taken advantage of the U.S. for decades. The President has great power on
this issue - Because of the G.M. event, it is being studied now!
39.2K
6:49 AM - Nov 28, 2018
Twitter Ads info and privacy
18.7K people are talking about this
Twitter Ads info and privacy
As president, Trump could order tariffs to be increased under his present
authority. But that authority which was granted by Congress could be
challenged by votes in the U.S. House and Senate. Meanwhile, there have
already been reports that Trump could look to add tariffs on autos as
early as next week, following this weekend's G20 talks in Buenos Aires,
Argentina.
Trump has sharply criticized GM following Monday's announcement, first
saying he was "not happy" and had spoken directly to CEO Mary Barra about
it and then, on Tuesday, threatening to cut subsidies for the company
which appeared especially aimed at one it and other automakers rely on to
sell electric vehicles.
According to some reports Wednesday, the Trump administration was
following up on that threat and asking agencies to review awards and
subsidies to GM. The White House did not immediately respond to questions
about it from the Free Press, however, nor did the Energy Department and
Department of Defense, which have multiple contracts and grants with the
automaker.
It was also far from clear that Trump could do much to stop that benefit
without having Congress change the law anyway, and U.S. Sen. Debbie
Stabenow, D-Michigan, said such a move would be "the exact opposite of
what we should be doing right now. This is a time when we should be
supporting the new jobs being created for our talented autoworkers, not
doubling down on policies that will hurt them.
But Dingell, who spoke on CNN on Wednesday morning, said she would support
Trump's move if it turns out that jobs are being moved to Mexico or
elsewhere.
Dingell said there is still a chance that workers could be placed in the
targeted plants as a result of a new UAW contract to be negotiated. But
she also said she is "hearing on the grapevine" that the company is "going
to move production to another country."
"I will make sure that GM does not locate one more plant in Mexico or
theyll never ever get my support on anything," she said, speaking far
more strongly about GM -- or any domestic automaker -- than is common for
members of Michigan's delegation.
Embedded video
CNN Newsroom
?
@CNNnewsroom
"I will make sure that GM does not locate one more plant in Mexico," Rep.
Debbie Dingell tells @jimsciutto.
"They will never, ever, get my support of anything." http://cnn.it/2RlyLzA
115
7:38 AM - Nov 28, 2018
134 people are talking about this
Twitter Ads info and privacy
Tuesday afternoon, GM put out a statement saying, "We appreciate the
actions this administration has taken on behalf of industry to improve the
overall competitiveness of U.S. manufacturing" and said it remains
"committed to maintaining a strong manufacturing presence in the U.S."
It did not directly address the president's remarks, however. Barra said
Monday the moves were being made to reposition the company at a time of
downturn in auto sales overall.
Meanwhile, it's also worth noting that when it comes to popular smaller
trucks, not all are made solely in the U.S. now. While Ford's F-150 is the
most popular vehicle and GM actually has larger market share for trucks
than anyone, the most popular midsize truck is the Toyota Tacoma, which is
assembled in Texas and Mexico.
Competition is heating up in the segment and production will increase. GM
and Ford build their midsize trucks in the United States, and Fiat
Chrysler plans a Jeep truck to be built in Toledo.
Contact Todd Spangler at 703-854-8947 or at ***@freepress.com.
Follow him on Twitter at @tsspangler.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.
Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.
threatens-gm-subsidies-tariffs/2136367002/
WASHINGTON President Donald Trump on Wednesday morning continued to rail
against General Motors' announced closures and layoffs, using them to
again threaten tariffs on imported autos and auto parts.
It came a day after Trump proposed yanking federal subsidies potentially
worth tens of millions a year to the automaker, though it was unclear he
could do so unilaterally, and a member of Michigan's congressional
delegation, U.S. Rep. Debbie Dingell, D-Dearborn, supported his doing so
if jobs are headed overseas.
"This has to be the most thoroughly disliked company in Washington, D.C.
right now," Dingell, who worked for GM years ago, told CNN.
In tweets Wednesday, Trump mentioned the so-called chicken tax a 25
percent tariff placed on imported light-duty trucks in the U.S. initially
created in response to other countries' taxes on imported chicken from the
U.S. as "The reason that the small truck business in the U.S. is such a
go-to favorite."
"If we did that with cars coming in, many more cars would be built here,"
Trump tweeted.
Trump has been threatening for much of his presidency to tax imported
autos and auto parts, saying it would save and create manufacturing jobs
in the U.S. His administration is in the midst of a review of whether such
a move could be made under national security grounds.
But many carmakers are dead-set against such a move, saying it would
increase the costs of production and set in motion a trade war that could
hurt their businesses. In September, other Republicans on the Senate
Finance Committee criticized the proposal as well, citing estimates they
could result in a $73-billion tax increase on consumers and put hundreds
of thousands of jobs at risk.
Trump argued again Wednesday, however, that tariffs may be the incentive
needed for GM to keep U.S. plants open in the wake of an announcement
Monday that it would shed some 14,000 jobs nationwide and close assembly
plants in Michigan, Maryland and Ohio.
If tariffs were put in place, he said, "G.M. would not be closing (those)
plants. Get smart Congress. Also, the countries that send us cars have
taken advantage of the U.S. for decades."
He ended with a threat, noting that regardless of congressional action,
"The President has great power on this issue Because of the G.M. event,
it is being studied now!"
Donald J. Trump
?
@realDonaldTrump
The reason that the small truck business in the U.S. is such a go to
favorite is that, for many years, Tariffs of 25% have been put on small
trucks coming into our country. It is called the chicken tax. If we did
that with cars coming in, many more cars would be built here.....
37.1K
6:43 AM - Nov 28, 2018
Twitter Ads info and privacy
14.5K people are talking about this
Twitter Ads info and privacy
Donald J. Trump
?
@realDonaldTrump
.....and G.M. would not be closing their plants in Ohio, Michigan &
Maryland. Get smart Congress. Also, the countries that send us cars have
taken advantage of the U.S. for decades. The President has great power on
this issue - Because of the G.M. event, it is being studied now!
39.2K
6:49 AM - Nov 28, 2018
Twitter Ads info and privacy
18.7K people are talking about this
Twitter Ads info and privacy
As president, Trump could order tariffs to be increased under his present
authority. But that authority which was granted by Congress could be
challenged by votes in the U.S. House and Senate. Meanwhile, there have
already been reports that Trump could look to add tariffs on autos as
early as next week, following this weekend's G20 talks in Buenos Aires,
Argentina.
Trump has sharply criticized GM following Monday's announcement, first
saying he was "not happy" and had spoken directly to CEO Mary Barra about
it and then, on Tuesday, threatening to cut subsidies for the company
which appeared especially aimed at one it and other automakers rely on to
sell electric vehicles.
According to some reports Wednesday, the Trump administration was
following up on that threat and asking agencies to review awards and
subsidies to GM. The White House did not immediately respond to questions
about it from the Free Press, however, nor did the Energy Department and
Department of Defense, which have multiple contracts and grants with the
automaker.
It was also far from clear that Trump could do much to stop that benefit
without having Congress change the law anyway, and U.S. Sen. Debbie
Stabenow, D-Michigan, said such a move would be "the exact opposite of
what we should be doing right now. This is a time when we should be
supporting the new jobs being created for our talented autoworkers, not
doubling down on policies that will hurt them.
But Dingell, who spoke on CNN on Wednesday morning, said she would support
Trump's move if it turns out that jobs are being moved to Mexico or
elsewhere.
Dingell said there is still a chance that workers could be placed in the
targeted plants as a result of a new UAW contract to be negotiated. But
she also said she is "hearing on the grapevine" that the company is "going
to move production to another country."
"I will make sure that GM does not locate one more plant in Mexico or
theyll never ever get my support on anything," she said, speaking far
more strongly about GM -- or any domestic automaker -- than is common for
members of Michigan's delegation.
Embedded video
CNN Newsroom
?
@CNNnewsroom
"I will make sure that GM does not locate one more plant in Mexico," Rep.
Debbie Dingell tells @jimsciutto.
"They will never, ever, get my support of anything." http://cnn.it/2RlyLzA
115
7:38 AM - Nov 28, 2018
134 people are talking about this
Twitter Ads info and privacy
Tuesday afternoon, GM put out a statement saying, "We appreciate the
actions this administration has taken on behalf of industry to improve the
overall competitiveness of U.S. manufacturing" and said it remains
"committed to maintaining a strong manufacturing presence in the U.S."
It did not directly address the president's remarks, however. Barra said
Monday the moves were being made to reposition the company at a time of
downturn in auto sales overall.
Meanwhile, it's also worth noting that when it comes to popular smaller
trucks, not all are made solely in the U.S. now. While Ford's F-150 is the
most popular vehicle and GM actually has larger market share for trucks
than anyone, the most popular midsize truck is the Toyota Tacoma, which is
assembled in Texas and Mexico.
Competition is heating up in the segment and production will increase. GM
and Ford build their midsize trucks in the United States, and Fiat
Chrysler plans a Jeep truck to be built in Toledo.
Contact Todd Spangler at 703-854-8947 or at ***@freepress.com.
Follow him on Twitter at @tsspangler.
--
Donald J. Trump, 304 electoral votes to 227, defeated compulsive liar in
denial Hillary Rodham Clinton on December 19th, 2016. The clown car
parade of the democrat party ran out of gas and got run over by a Trump
truck.
Congratulations President Trump. Thank you for cleaning up the disaster
of the Obama presidency.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp.
ObamaCare is a total 100% failure and no lie that can be put forth by its
supporters can dispute that.
Obama jobs, the result of ObamaCare. 12-15 working hours a week at minimum
wage, no benefits and the primary revenue stream for ObamaCare. It can't
be funded with money people don't have, yet liberals lie about how great
it is.
Obama increased total debt from $10 trillion to $20 trillion in the eight
years he was in office, and sold out heterosexuals for Hollywood queer
liberal democrat donors.