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President Donald Trump does not like the news that General Motors would close several plants and cut more than 10,000 jobs. Speaking to reporters on the White House lawn on Monday afternoon, Trump said he spoke with CEO Mary Barra and told her he wasn't happy with the decision."I told her I'm not happy about it," Trump told reporters."The United States saved General Motors and for her to take that company out of Ohio is not good," he continued. "I think she's going to put something back in soon."On Monday, GM announced it would close four US-based plants, including two in metro Detroit; the Detroit-Hamtramck Assembly Plant and the Warren Transmission Operations plant.According to a spokesperson for GM, the plants will be unallocated which means they will no longer produce vehicles in those plants in 2019. According to the company, the future of the plants will be part of contract talks with the UAW next year.“The actions we are taking today continue our transformation to be highly agile, resilient and profitable, while giving us the flexibility to invest in the future,” Barra said in a release. “We recognize the need to stay in front of changing market conditions and customer preferences to position our company for long-term success.”According to the release, GM will lay off 14,700 factory and white-collar workers. Of those, 8,100 will be white-collar workers that will either take buyouts or be laid off.The company said that the moves will help continue its focus on crossovers, SUVs and trucks. With the move, GM plans to cut 25 percent of the executive staff and 15 percent of the salaried and salaried contract staff.The transition also includes ceasing production of six vehicles; the Chevrolet Cruze, Volt and Impala, the Buick LaCrosse, Cadillac XTS sedan and Cadillac CT6 sedan. According to the company, the Detroit-Hamtramck Assembly Plant produces the Volt, Impala, LaCrosse and CT6.Trump said Barra told him the Cruze isn't selling well."Hopefully she’s going to come back and put something, but I told her I’m not happy about it," he added.Barra also was meeting with White House Economic Adviser Larry Kudlow on Monday, a White House official confirms. The meeting has apparently been on the books for weeks and it's just a coincidence that the meeting and the announcement happened on the same day. 2369
President Donald Trump on Friday tweeted that an ongoing serial package bomb scare is "unfortunate" because the news media is "not talking politics" and slowing Republican "momentum" ahead of midterm elections."Republicans are doing so well in early voting, and at the polls, and now this “Bomb” stuff happens and the momentum greatly slows - news not talking politics. Very unfortunate, what is going on. Republicans, go out and vote!" Trump tweeted.Trump's tweet was his first tweet since two additional package bombs — one addressed for former Director of National Intelligence, one addressed to Sen. Cory Booker — were discovered on Friday morning.Trump previously called for unity in the face of the bomb scares during an event at the White House on Wednesday, saying that threats of political violence of any kind have "no place in the United States." Since that event, Trump has been more heated in his rhetoric, partly blaming the news media for the attacks.At least two of the suspicious packages have been addressed to CNN offices.More on this as it develops. 1083
President Donald Trump appeared to endorse Goya food products in an Instagram post on Wednesday, days after comments at the White House from the company's CEO prompted calls for a boycott of the maker of several Latin American staple foods.The photo, posted to Trump's official Instagram account, shows Trump smiling and flashing a thumbs up from the Oval Office as several Goya products sit atop the Resolute Desk.It's the second time Trump has used his Instagram page to promote Goya. On Friday, Trump posted a graphic that simply read "I ?? Goya." 558
President Donald Trump launched the next salvo in his widening war on Chinese trade abuses, this time taking aim at China's unfair seizure of US intellectual property.Trump on Thursday directed the US trade representative to level tariffs on about billion worth of Chinese imports following a seven-month investigation into the intellectual property theft, which has been a longstanding point of contention in US-China trade relations. In addition to the tariffs, the US also plans to impose new investment restrictions, take action against China at the World Trade Organization and the Treasury Department also will propose additional measures."We have a tremendous intellectual property theft problem," Trump said. "It's going to make us a much stronger, much richer nation."The move, which comes on the heels of the administration's steel and aluminum tariffs that also took aim at China, has already been met with threats of retaliation from China and is heightening concerns of a global trade war that could destabilize the global economy -- fears the Trump administration has repeatedly brushed off.Trump on Thursday signed a memorandum announcing the trade actions, invoking Section 301 of the 1974 Trade Act, which formed the basis for the administration's investigation.Before signing the measure, Trump lamented the US' multi-hundred billion dollar trade deficit with China and said the action would be "the first of many."Trump prefaced his trade action by insisting he views China as a "friend" and said he has "tremendous respect" for Chinese President Xi Jinping, as he flicked to China's support in pressuring North Korea to denuclearize."They are helping us a lot in North Korea," Trump said. "But we have a trade deficit ... there are many different ways of looking at it, but no matter which way you look at it, it is the largest trade deficit of any country in the history of the world."Trump said the US would continue to engage diplomatically with China to reduce the trade imbalance, even as he signed an action that is likely to exacerbate tensions between the two countries.Robert Lighthizer, the US trade representative, said the tariffs would focus on theft of US technologies and said Trump "concluded that we should put in place tariffs on appropriate products" following the investigation."This is an extremely important action. Very significant and very important for the future of the country, really across industries," Lighthizer said.The investigation concluded that China has stolen or coerced US companies into turning over their intellectual property through a series of state-run structural maneuvers, including its requirement that foreign companies partner with Chinese companies to access the Chinese market, said Everett Eissenstat, the deputy director of the National Economic Council for international economic affairs.The investigation also assessed that China has stolen US intellectual property by hacking US computer networks, though senior administration officials said Thursday's tariffs would not account for the value of that intellectual property theft, which they estimated to be in the hundreds of billions of dollars.The incoming tariffs are the most significant to date from a President who campaigned on a promise to correct the US' global trade imbalance, particularly with China, and to revitalize US manufacturing. The move is just the latest sign that Trump is intent on putting his protectionist rhetoric into action despite concerns from economists and financial analysts, including within his own administration.Beyond the threat of a far-reaching trade war, economists have warned US consumers are likely to bear the cost of the tariffs and worries about Chinese retaliation are mounting."A trade war does no good to anyone. There is no winner," China's Premier Li Keqiang said at a news conference in Beijing in anticipation of the Trump administration's tariff action.The Trump administration, though, has said it is simply taking long-overdue action following years of unfair Chinese trading practices that they argue previous administrations have insufficiently countered.Peter Navarro, Trump's hawkish top trade adviser, said the administration had decided on the tariffs in lockstep and said the US opted to take tariff actions after dialogues with China over the last 15 years have failed to produce significant changes in Chinese behavior."Administrations before us and this administration has tried very, very hard to work with the Chinese," Navarro said. "Talk is not cheap. It has been very expensive to the American people."The tariffs will not take immediate effect. Instead, the US trade representative will publish a list of targeted goods within 15 days and will then allow for a 30-day public comment period.Pressed about the impact on US consumers, a senior administration official said the administration believed the tariffs would result in only "minimal effects" on US consumers."In terms of the broader calculus of the harm that is done by what is the theft ... of intellectual property is almost incalculable," the official said. 5136
President Donald Trump has issued pardons to a number of his supporters, most notably former campaign adviser George Papadopoulos and Representatives Chris Collins and Duncan Hunter.Papadopoulos was among the first to be criminally charged in Robert Mueller’s investigation into Russian interference in the 2016 election. Papadopoulos pleaded guilty in connection to lying to officials over his contact with the Russian government while working as a Trump campaign adviser.Papadopoulos was sentenced to 14 days in prison.The Trump administration claims that the pardon “correct the wrong that Mueller’s team inflicted on so many people.”Collins resigned his seat in Congress last year after he pleaded guilty to insider trading and lying to law enforcement. He was serving a 26-month sentence.Hunter was set to go to prison next month after he pleaded guilty to misusing campaign funds. Hunter was to serve an 11-month sentence.Alex van der Zwaan, who was sentenced for 30 days for lying to federal authorities, was among those pardoned. He was the first person convicted from Mueller's investigation. Also among the pardons were Nicholas Slatten, Paul Slough, Evan Liberty, and Dustin Heard. According to reports, the four men were convicted in killing 14 civilians in Baghdad during the war in Iraq. Slatten faced a life sentence, while the other three were handed 30-year sentences for the deaths. In all, Trump issued 15 full pardons and commuted all or part of five additional people. 1498