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Trump Encourages GM to Build New Car in USA or Face a Huge Tax Penalty

Mike H | Jan. 3, 9:11 am | Leave a Comment

“Buy American and Hire American.”  How do you think this is supposed to happen?  With begging and suggestions like a liberal?  Nope!  When you want a donkey’s attention, you bring the pole down between his ears.  Trump is going to get their attention, you better believe it.

 

CNBC.com   –  President-elect Donald Trump on Tuesday attacked General Motors in a tweet, claiming the auto giant is making a Chevy Cruze model in Mexico and then sending them to U.S. dealers tax free.

General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!

— Donald J. Trump (@realDonaldTrump) January 3, 2017

GM shares, which were at $34.38 in premarket trading before the tweet, fell to a session low of $34.22, or about a $244 million hit to its market value. However, shares have since come back to about half of where they were before the tweet.

Image Source:  worldnow.com

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