Trump rages after GM cuts: – They play with the wrong person – Donald Trump – Macro and Politics



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The US president reacted strongly to the announcement of the closing of factories by General Motors in the United States.

According to the Wall Street Journal, the president said GM should reduce its investment in China and set up new factories in Ohio, one of the states affected by the latest cuts.

"They should install a new plant there very quickly," Trump told the Wall Street Journal.

– I like Ohio. I told them; you play with the wrong person, "continued the president.

The statement he is referring to was discussed with General Motors President Mary Barra.

Earlier Monday, it was known that GM would cut several thousand jobs, up to 15% of the workforce, and close five plants in the United States and Canada. In addition, Canadian Prime Minister Justin Trudeau will be very unhappy with the news.

The company will now focus its investments on battery-powered cars, but also on eliminated models that are not selling well. The investment will be articulated around five "car architectures". Last year, the company invested in sport utility vehicles (SUVs), trucks and cross-overs.

However, Wall Street applauded the news reduced and pushed up the title by almost 5% Monday.

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