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GM warns import tariffs could lead to a smaller company (Bovine Excrement)
MSN ^ | 6-29-2018 | David Shepardson

Posted on 06/29/2018 4:06:05 PM PDT by tcrlaf

General Motors on Friday warned that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a "a smaller GM" and risks isolating U.S. businesses from the global market.

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The Trump administration in May launched an investigation into whether imported vehicles posed a national security threat, and U.S. President Donald Trump has repeatedly threatened to quickly impose a 20 percent import tariff on vehicles.

The largest U.S. automaker said in comments filed on Friday with the U.S. Commerce Department that overly broad tariffs could "lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less — not more — U.S. jobs."

GM said the tariffs could hike vehicle prices and reduce sales. Even if automakers opted not to pass on higher costs "this could still lead to less investment, fewer jobs, and lower wages for our employees. The carry-on effect of less investment and a smaller workforce could delay breakthrough technologies."

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: automakers; china; gm; mexico; production
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Awww... Isn't that a shame? They might have to source parts IN AMERICA, from companies that employee AMERICAN workers!

How dastardly of Trump.

NEWSFLASH: Demand will be as much, possibly MUCH higher when the full effects of producing at home take hold. It's called basic economics.

Of course, all of those billions you invested in Mexican and Chinese Production.... And that is what the whining is really about.

1 posted on 06/29/2018 4:06:05 PM PDT by tcrlaf
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To: tcrlaf

Is Obama telling them what to say ?


2 posted on 06/29/2018 4:08:16 PM PDT by butlerweave
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The GM/Obama bailout went to the overseas operations. Same BS again here.


3 posted on 06/29/2018 4:08:34 PM PDT by Gene Eric (Don't be a statist!)
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To: tcrlaf

Did President Trump implement Tariff’s for steel imported to Mexico?? Because that is where most of their stuff is made.


4 posted on 06/29/2018 4:08:53 PM PDT by eyeamok
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To: tcrlaf; All

“two major auto trade groups warned imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs”

...in Mexico, Malaysia, and China.


5 posted on 06/29/2018 4:10:30 PM PDT by tcrlaf (They told me it could never happen in America. And then it did....)
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To: tcrlaf

I dont care what government motors has to say. They already sold their soul. I only bought chevy until 2008 and my grandpa was cadillac employee # aprox 300. My grandma worked at detroit deisel during the war. But now.... screw them. My chevy dealer got chosen to be closed...i think he was a republican.


6 posted on 06/29/2018 4:12:38 PM PDT by BRL
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To: tcrlaf

I’ll repeat: tariffs are like shooting yourself in the foot. Just because another country stupidly shoots itself in the foot doesn’t mean you have to.


7 posted on 06/29/2018 4:13:19 PM PDT by Jim 0216 (MAGA by restoring the Gospel of the Grace of Christ and our Free Constitutional Republic!)
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To: tcrlaf

Only GM could take a beneficial protectionist measure, gut the economic advantage, and ride it to a loss.


8 posted on 06/29/2018 4:13:38 PM PDT by ameribbean expat
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To: tcrlaf

Didn’t Mr. Obama gift GM to the unions after the so-called crisis? Fax me a crying towel.


9 posted on 06/29/2018 4:14:21 PM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: Jim 0216

I don’t buy Government Motors (GM) CRAP, and never will. F GM and the Kenyan donkey you rode in on.


10 posted on 06/29/2018 4:15:06 PM PDT by wetgundog (Mainstream Media, Lying Liars Lying.)
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To: Jim 0216

Tariffs are a second tier issue for me. I am undecided about them. But trump is nailing it on all my first tier issues, so i will live with it


11 posted on 06/29/2018 4:15:44 PM PDT by BRL
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To: tcrlaf
GM warns import tariffs could lead to a smaller company (Bovine Excrement)

GM warns import tariffs could or could not lead to a smaller company (Bovine Excrement)

Non issue.

12 posted on 06/29/2018 4:18:53 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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To: BRL
But trump is nailing it on all my first tier issues

Supreme Court, Baby!

13 posted on 06/29/2018 4:19:01 PM PDT by Jeff Chandler (President Trump divides Americans . . . from anti-Americans.)
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To: tcrlaf

I could be willing to give GM another chance with Trump as President, but they are still making it easy for me to stay out of their dealerships.


14 posted on 06/29/2018 4:20:50 PM PDT by TwelveOfTwenty (Prayers for our country and President Trump)
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To: tcrlaf

GM is not international with production?


15 posted on 06/29/2018 4:21:05 PM PDT by Paladin2
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To: tcrlaf

And smaller losses carried by the taxpayers?

Win-win.


16 posted on 06/29/2018 4:26:51 PM PDT by logi_cal869 (-cynicus-)
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To: tcrlaf

Maybe GM’s Union can give back what Barry helped them steal from the GM bond holders.


17 posted on 06/29/2018 4:27:20 PM PDT by SERKIT ("Blazing Saddles" explains it all.......)
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To: Jim 0216

“I’ll repeat: tariffs are like shooting yourself in the foot. Just because another country stupidly shoots itself in the foot doesn’t mean you have to.”

Very true, but they’re a great negotiating threat ... if you threaten a country with a tariff on your products and they either eliminate or cut their tariff, you win. I think that’s the goal of these tariff threats.


18 posted on 06/29/2018 4:35:26 PM PDT by edh
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To: tcrlaf

There may unfortunately be some pain for some industries or businesses as we rebuild our country. That’s terrible and I hope no one suffers. But we have to fix this mess we’re in. We cannot continue with these massive trade imbalances and we must start manufacturing again.


19 posted on 06/29/2018 4:36:03 PM PDT by KyCats
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To: BRL
But trump is nailing it on all my first tier issues


20 posted on 06/29/2018 4:38:07 PM PDT by Jim 0216 (MAGA by restoring the Gospel of the Grace of Christ and our Free Constitutional Republic!)
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