politics

Trump threatens GM over cars made in Mexico

Tuesday, January 3, 2017
Donald Trump is threatening another U.S. automaker on Twitter
NEW YORK, NY -- In another tweet targeting a U.S. company, President-elect Donald Trump is threatening to slap a tax on General Motors for importing compact cars to the U.S. from Mexico.

But GM makes the vast majority of compact Chevrolet Cruzes in Lordstown, Ohio, near Cleveland.



SEE ALSO: Trump says he doesn't trust computers as he rings in 2017
[Ads /]
Trump says he doesn't trust computers as he rings in 2017


Trump tweeted early Tuesday that GM is sending Mexican-made Cruzes to the U.S. tax-free. He told GM to stop or pay a big border tax.



GM saw the tweet and is formulating a response.

Shares of GM fell 0.4 percent to $34.70 in premarket trading after the tweet.

RELATED: Trump formally wins presidency after Electoral College election
[Ads /]
Texas electors stray, vote against Donald Trump


PHOTOS: Meet the team Donald Trump has selected for his administration
Jared Kushner, real estate investor and husband to Donald Trump's daughter Ivanka, has been named as an unpaid senior advisor.none
Trump has named Omarosa Manigault, a former contestant on ''The Apprentice,'' as public liaison.none
Trump is expected to tap Rick Perry, the former Texas governor and Republican presidential candidate, to be his secretary of energy, ABC News confirmed.none
Trump announced that intends to nominate Rex Tillerson, chairman and CEO of ExxonMobil, to be secretary of state.none
Andy Pudzer, the CEO of CKE Restaurants, Inc., has been tapped to head the Department of Labor.none
Trump is expected to announce retired four-star Gen. John F. Kelly as his pick for secretary of Homeland Security.none
Trump selected Linda McMahon, co-founder of World Wrestling Entertainment Inc. (WWE) to lead the Small Business Administration.none
Trump has named Scott Pruitt, Attorney General of Oklahoma, to head the Environmental Protection Agency.none
Trump has chosen former GOP presidential candidate and retired neurosurgeon Ben Carson to head the Department of Housing and Urban Development.none
Trump has named retired Marine Gen. James ''Mad Dog'' Mattis as his pick for defense secretary.none
Trump has named billionaire investor Wilbur Ross for commerce secretary.none
For treasury secretary Trump has named Steven Mnuchin, the billionaire hedge fund manager who served as the national finance chairman of his campaign.none
Trump announced Elaine Chao, who served as labor secretary under President Bush for all eight years, as his pick for transportation secretary.none
Trump has named Tom Price, a congressman from Georgia who is a vocal opponent of the Affordable Care Act, to be the Health and Human Services secretary.none
Trump has chosen charter school advocate Betsy DeVos as his secretary of education.none
Trump has tapped South Carolina Gov. Nikki Haley to be U.S. ambassador to the United Nations. This is currently a cabinet position.none
Sen. Jeff Sessions, R-Ala. has been offered the position of Attorney General by Donald Trump.none
Rep. Mike Pompeo, R-Kansas, who is a member of the House Intelligence Committee, has been tapped by Trump to be the director of the CIA.none
Former military intelligence chief Michael Flynn has been tapped by Trump as Assistant to the President for National Security Affairs.none
Trump has named Reince Priebus, the Republican National Committee (RNC) Chairman, as his Chief of Staff.none
Trump has named former Breitbart CEO Steve Bannon as chief strategist and senior counselor to the president.none


Last year Trump threatened to tax Ford, which plans to shift production of the compact Focus to Mexico. Jobs at the U.S. factory that makes Focuses would be preserved because the plant would get a new pickup and SUV.

RELATED STORIES: THE TRUMP TRANSITION

A look inside moving day at the White House


Trump closing his foundation, but Democrats want more
[Ads /]
Trump announces plans to dissolve foundation
Copyright © 2024 by The Associated Press. All Rights Reserved.