Trump again slams GM, says new auto tariffs are "being studied"

Farm equipment provides a backdrop as U.S. President Donald Trump takes the stage to deliver remarks on agriculture Kirkwood Community College in Cedar Rapids Iowa

Trump again slams GM, says new auto tariffs are "being studied"

Commerce Department figures show that previous year the United States imported 8.27 million vehicles worth US$192 billion.

As US president Donald Trump directly indicated the GM's closure of manufacturing hubs, as a response, the GM told that they were always committed to investing in US.

Trump noted on Twitter that brisk US small truck sales in the country are due to a 25-percent tariff on small truck imports.

Separately, US trade representative Robert Lighthizer said he was examining options to raise US tariffs on Chinese vehicles to 40% - the level Beijing charges on US-made cars. Media reports confirm the Trump administration remains very anxious about a consumer backlash to tariffs that will considerably raise the prices of popular electronic devices.

The biggest blow to Trump's boast his trade war will boost job growth came a few days ago when General Motors Company, the country's largest carmaker, said it will fire some 15,000 employees, partly due to more expensive steel and aluminum. Regardless of whether suppliers and OEMs continue to import steel from overseas or buy it domestically, they are paying more for steel to build their vehicle bodies.

"As the President has repeatedly noted, China's aggressive, State-directed industrial policies are causing severe harm to USA workers and manufacturers", Lighthizer said. Citing the existing 25 per cent tariff on imported small trucks, he claimed that if the same tariff applied to passenger cars, GM would not have closed its plants in Michigan, Ohio and Maryland.

Former US president George HW Bush passes away at 94
In his later years he developed a form of Parkinson's disease and used a motorised scooter or a wheelchair for mobility. He said he and Melania "join with a grieving nation to mourn the loss of former President George HW Bush".

Only 1 in 10 plans to reduce the share of total output produced outside the U.S. The same number said Trump's tariffs will encourage them to move more jobs offshore.

Trump, who has expressed anger over GM's closing of American auto plants this week, retweeted the tweet without comment.

Trump has also harshly criticized GM for building cars in China.

The U.S. Commerce Department has circulated draft recommendations to the White House on its investigation into whether to impose tariffs of up to 25 percent on imported cars and parts on national security grounds, Reuters reported earlier this month.

The auto industry and its supply chain have seen significant impact from tariffs.

Lighthizer said China's policies continue to cause "severe harm" to USA manufacturers, and "as of yet, China has not come to the table with proposals for meaningful reform". She noted only a small number of vehicles were exported from China to the United States annually.

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