Trump has never made a secret of his plan to keep big American companies from moving out of the country and taking jobs with them: They will be subject to a levy that would make that move economically unwise.
While he’s already had some success in preventing plant shut downs and reinvigorating foreign investment in the U.S. (even before being sworn in) Trump is facing his biggest challenge so far as he goes up against automotive giant General Motors.
Donald Trump lashed out on Twitter:
GM issued a statement that read in part:
“General Motors manufactures the Chevrolet Cruze sedan in Lordstown, Ohio. All Chevrolet Cruze sedans sold in the U.S. are built in GM’s assembly plant in Lordstown, Ohio. GM builds the Chevrolet Cruze hatchback for global markets in Mexico, with a small number sold in the U.S.”
However, the statement doesn’t mention that that Lordstown plant is scheduled to be hit with big layoffs in a few months. Watch for more pushback from then-President Trump as that date gets closer.
Revealingly, shares in GM fell right after Trump’s tweet.
General Motors wasn’t the only American company Trump went after on social media. He voiced disapproval about high priced Boeing and Lockheed Martin defense contracts, and again, each company’s’ stock price fell briefly.