Donald Trump announced today that after GM decision of closing plants in Ohio, Michigan and Maryland he is “looking at cutting subsidies, including for electric cars”.
….for electric cars. 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. I am here to protect America’s Workers!
— Donald J. Trump (@realDonaldTrump) November 27, 2018
With various tweets, President Trump also announced that he’s “extremely unhappy” with Jay Powell as President of the FED acusing the organization of being guilty for the loss of 14.000 direct jobs in the country.
From Canada, President Trudeu pointed to aluminum and steel tariffs as the cause of GM decision.