This week in Trumponomics: An ugly collision with General Motors

U.S. Sen. Sherrod Brown

U.S. Sen. Sherrod Brown Andy Chow

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

After President Trump's public displeasure of the move and other politicians upset, General Motors released a statement touting its track record and accomplishments in the United States.

Trump has given direction toward a broader examination of ways for the federal government to block funds to GM, the person said Wednesday. "We can't fault them for that", Wyndham said.

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

As he has done with several companies since he took office, Trump promised retribution for GM if it closes the plants.

He also claims to have admonished Barra in person, and said he told the CEO that she had "better" reopen plants in the U.S. soon. It's not clear precisely what, or when, action may be taken.

Following Trump's tweets on Tuesday afternoon, a person familiar with GM's financials told CNN Business that the only federal government subsidy GM now receives is a tax credit up to $7,500 for each electric vehicle it sells. Killing the subsidies may have little financial impact on GM because it is on the cusp of reaching its subsidy limit.

White House press secretary Sarah Huckabee Sanders told reporters at a briefing, "I don't know that there's a specific timeline" for taking action against GM.

Donald Trump won Trumbull County, which is home to the GM Lordstown plant.

Trump's policy goals may have helped contribute to GM's decision. Get smart Congress. Also, the countries that send us cars have taken advantage of the USA for decades.

US President Donald Trump threatened to cut subsidies to General Motors on Tuesday, a day after the US automaker's bruising layoff announcement that hits politically crucial states in the US Midwest. Yesterday, GM noted its own investments in the industry and said it's grateful for federal support, including under President Trump. 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.

GM said it has invested more than $22 billion in USA operations since 2009, when it exited bankruptcy protection. He also believes GM will reap benefits from the new Mexico-United States-Canada trade deal his administration worked out with America's neighbors, but "turned their back" on him despite his pushing for the pro-auto industry provisions, Lawrence Kudlow, chief White House economic adviser, said Tuesday.

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.

'Everyone just wants to keep working right now and get through this.

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