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December 9, 2018

President Trump threatens to cut all government subsidies for General Motors after layoff announcement

November 27, 2018
President Trump threatened to cut all government subsidies for General Motors on Tuesday. (Alex Brandon / AP)

President Trump threatened Tuesday to pull the plug on government kickbacks for General Motors in light of the iconic auto manufacturer’s announcement that it’s laying off as many as 14,000 workers and shuttering upwards of five plants.

Accusing GM of favoring other countries over the U.S., Trump called out the company’s chief executive by name and blasted her for the massive cuts.




“Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland,” Trump tweeted. “Nothing being closed in Mexico & China. The U.S. saved General Motors and this is the THANKS we get! We are now looking at cutting all GM subsidies, including for electric cars.”

The President’s fuming missive comes one day after Barra announced the downsizing because she said the company is refocusing its attention on self-driving and electric cars to “stay in front of changing market conditions and customer preferences.”

Barra has been openly skeptical of Trump’s aggressive nationalist economic agenda, warning months ago that his tariffs-based approach could “lead to less investment, fewer jobs and lower wages for our employees.”

Trump wouldn’t have any of that criticism Tuesday and instead blamed the layoffs on GM’s decision to open plants in Mexico and China.

“General Motors made a big China bet years ago when they built plants there (and in Mexico) — don’t think that bet is going to pay off,” Trump tweeted. “I am here to protect America’s Workers!”

This story will be updated

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