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Trump’s threats to GM could end up backfiring spectacularly





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  • General Motors announced a round of layoffs and plant closures on Monday.
  • President Donald Trump is not happy with that decision.
  • Trump’s policies weren’t the main reason for GM’s move, but they probably helped push the automaker toward the decision.
  • Trump’s proposed responses to GM’s decision — cutting subsidies and imposing auto tariffs — would likely make things worse.

President Donald Trump’s latest threats to get back at General Motors could end up doing the exact opposite of what he wants.

In the days since GM announced it would lay off roughly 15,000 workers and idle four factories in North America, Trump has attempted read more >>>

Source:: BusinessInsider.Com

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