Trump’s threats to GM could end up backfiring spectacularly
|11/28/2018||Posted by BusinessMediaguide.Com under General World News||
- 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.