General Motors feels heat as president threatens subsidies

U.S. President Donald Trump answers questions from the press while departing the White House

President Donald Trump and Democratic Sen.

Trump did not explain what "subsidies" he was referring to.

Honda, one of Japan's largest automakers, has also felt the pain from Trump's tariff agenda.

Some administration officials have been arguing that hitting allies such as the European Union and Japan with tariffs at the same time as Trump is soliciting their help in taking on China would be counter-productive.

President Donald Trump said those jobs were coming back. "Can't say anything final about that, but we're looking into it". If Trump really cared about laid-off workers in OH or MI, he'd demand job retraining and placement programs to help workers upgrade their skills and land new jobs that are more stable and perhaps even better-paying in an information-age economy.

The crowd cheered, bolstered with hope that President Trump would protect their jobs.

"They got billions of dollars - GM did - most of that money went into the pockets of executives and stock buybacks and big investors and they should be investing that in this company and in this plant". Text "NEWS" to 22840 and always receive verified news updates. They managed to hang on for 52 years, until this week, when the plant's closing was announced.

Jawboning aside, Trump was unable to stop job losses at a Carrier Corp. air-conditioning plant in Indianapolis. I'm not suggesting that Trump caused the closure. Truck and SUV sales are up 8 per cent. 1,500 employees were laid off earlier this year.

Whirlpool at first welcomed Trump's tariffs by adding 200 jobs in the U.S. It was hurt months later by levies on steel and aluminum, which raised the cost of raw materials.

But here is what is infuriating to me.

Mo Salah strike sparks Liverpool’s second-half surge to victory at Watford
Controlling it, staying in that mood, being positive in a situation, that's new for us and I like it a lot. A clean sheet, after being 2-0 up you not only want to win but you want to keep a clean sheet as well.

These moves drew the ire of the president, who said, "We have a lot of pressure on them" to maintain operations in places like Lordstown, Ohio - a state key to his re-election.

Separately, US trade representative Robert Lighthizer said he was examining options to raise US tariffs on Chinese vehicles to 40% - the level Beijing charges on US-made cars.

A day earlier, he said GM "better damn well open a new plant" in OH. "They're all coming back", Trump assured supporters. It's about losing our dignity and sense of self that has been defined by GM's presence in Trumbull County for over five decades.

For Mr Trump in particular, the cuts are a blow, as he has made rebuilding the USA vehicle industry one of his administration's priorities.

Mahoning County Republican Party Chairman Mark Munroe defended Trump. I am from Trumbull County and represented it in the Ohio Senate for 10 years. They might even ask Trump if he can help. The gap between what the USA sells overseas and what it buys from other countries has ballooned under Trump.

The UAW would especially like to save Lordstown because it employs the most workers.

President Trump's slogan on the campaign trail now is "Promises Kept".

"Trump wants to boost auto manufacturing".

On Monday, GM CEO Mary Barra said the restructuring plan was a necessary step in order for the company to shift from mass producing traditional sedans to focus on futuristic projects like electric and self-driving cars, as well as more profitable trucks and SUVs. If that happens, Trump may be the next to lose his job in 2020.

"This week, people's lives are being upended in the Mahoning Valley".

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