Trump usually has his facts straight.
GM will yuuugely benefit from the lowering of the corporate tax rate that Trump will get passed.
And since we bailed them out and the US took a loss on the stock price when we sold (thanks,Jack Lew!), GM can return the favor.
It would not kill them.
This is also perhaps the first move in his deal dynamic.
It’s a notice to Mexico among other things. If we actually have balanced trade with Mexico, then the tax could be mitigated or even eliminated.
“Trump usually has his facts straight.”
His tweet didn’t say anything that is incorrect. 4500 Cruze hatchbacks made in Mexico were sold in the US in 2016, according to GM. Presumably, it is those vehicles that he wants to tax.