HomeLive CommentsTrump studying auto tariffs again after GM plants closure

Trump studying auto tariffs again after GM plants closure

Trump blamed other car exporting countries for taking advantage of the US for decades. And he claimed that if the 25% “chicken tax” is imposed on cars, GM would not be closing their plants in Ohio, Michigan and Maryland. And because of GM event, auto tariff is being studied now.

He tweeted. “The reason that the small truck business in the U.S. is such a go to favorite is that, for many years, Tariffs of 25% have been put on small trucks coming into our country. It is called the “chicken tax.” If we did that with cars coming in, many more cars would be built here …..and G.M. would not be closing their plants in Ohio, Michigan & Maryland. Get smart Congress. Also, the countries that send us cars have taken advantage of the U.S. for decades. The President has great power on this issue – Because of the G.M. event, it is being studied now!”

Twitter

By loading the tweet, you agree to Twitter’s privacy policy.
Learn more

Load tweet

Twitter

By loading the tweet, you agree to Twitter’s privacy policy.
Learn more

Load tweet

Featured Analysis

Learn Forex Trading