Using your usual way of communication and with two tweets-one linked to another by an ellipsis, as is customary, the president, Donald Trump has threatened today to cut off all subsidies to General Motors after the car company announced a cut of thousands of jobs. “Very disappointed with General Motors and its president, Mary Barra, to close plants in Ohio, Michigan and Maryland”, tweeted Trump in a first breakthrough in the social network, which was followed by the following warning: “We are studying to cut all the grants @GM, including those of electric cars. General Motors bet big for China years ago when they built plants there (and in Mexico), I don’t think that bet will pay off. I’m here to protect the american workers!”.

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it is Not clear which subsidies are referred to the contractor. For example, the electric vehicles, the firm can qualify for a tax credit of $ 7,500, according to the federal law, but it is not clear how the government could restrict them.

According to CNN, the shares of the company fell into the bag up to 3.8% due to tweets. General Motors closed with a 2.6% less, losing an important piece of the gains from Monday.

Shortly after this happened, the Washington Post was hanging in its web portal an interview today-for a duration of 20 minutes – to the governor in which they blame the Federal Reserve so much of the recent declines in the stock as of the closings announced by General Motors. Trump disclaims any responsibility for any possible failure in the economy. And announces that there is “not one bit happy” with the choice you made with the appointment of Jerome H. Jay Powell chairman of the Fed (Federal Reserve in its abbreviation in English).

According to lee in the Post, the president argues that the high interest rates and other policies implemented by the Federal Reserve are hurting the economy -as evidenced by the announcement of GM to reduce its workforce by 15%-. Still, the president insists he is not concerned about a possible recession. In the opinion of the president, he is accustomed to close deals, and you are convinced Savoybetting that the Federal Reserve is going wrong. “I have the instinct and my instinct tells me many times over many things that I can ever say the brain of nobody”

Trump closes the topic with a sentence which disqualifies the current chairman of the Fed. “Up until now, I’m not a bit happy with the selection that I made of Jay. Not one bit,” he says. “I don’t blame anyone, I’m just saying that the Fed is wrong with what they are doing.”

there is No doubt that Trump is furious. What manifested to incriminate his own choice to lead the Federal Reserve and declares him the fear of the closure of GM in Ohio, because he sees the loss of the factory in electoral terms. GM closes a total of seven production facilities, four of them in the united States, whose cerrojazo will affect directly to 14,000 people in the united States and Canada.

Trump informed the journalists that cover the White House that he spoke with the president and chief executive officer of General Motors when he learned of the decision. “They tell Me that the Chevy Cruze is not selling well. I tell them, ‘well, then, to find a car that sells well and re-producing it”. Trump made it clear to the press that he had demanded to Bar to find a car that has sold well. “I have No doubt that in the not too distant future, will be another thing [in Ohio]. They had better put something there”, he warned.

The republican also criticized the company for failing to close their facilities in Mexico or China. “The united states rescued General Motors, and these are the THANKS that we received!”, said.

From Canada pointed to the tariffs on the steel and the aluminum set by the Administration to Trump the imports of these metals as the main causes of the closure of five plants of General Motors in north America, including one in Oshawa, Ontario. The governor of Ontario, Doug Ford, said that –as has been expressed to the government of Justin Trudeau and the administration of Donald Trump in their time – rates of 25% to the import of steel and 10% aluminum, would be a hard blow to the automotive industry of the region.

According to the agency Efe, Barra said today that the new measures will increase “the long-term benefit and potential for cash generation” of GM, which will improve “the strong liquidity position of the company and the financial flexibility”.