GM warns critics Trump – packed but in cotton – News Economy: Business



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Jobs must be created in the United States and not abroad: this is the stated purpose of the customs measures agreed upon and threatened by Donald Trump 's administration. The commercial war now more and more likely with China, but also with Europe, today risks to lead to the opposite: to a loss of jobs in the United States, especially in areas particularly close to the US president.

The American automaker General Motors (GM) at the US Department of Commerce reiterates: The company, long regarded as an icon of the US economy and among 39, other brands such as Chevrolet, Buick, GMC, Cadillac, Pontiac and Opel. , is seriously threatened by US government plans to tax auto imports. The anticipated import tariffs could, according to GM, "lead to a reduced GM and reduced presence of this important US company in the United States and abroad, and put more jobs – and not less – at risk. "

even for a large global company like GM, not without a reputation, as Harley-Davidson showed last week. The motorcycle company of the United States is also considered as an icon among the American products. The company has filed a claim with the US Securities and Exchange Commission that it must outsource some of its motorcycle production to the United States. The reason is the European countermeasures on Trump 's duties on aluminum and steel.

Harley-Davidson shows what can follow

Countermeasures mean that Harley motorcycles in Europe – the second largest market of the company – costs on average $ 2,200 more if they come from the United States. But because the company would run away from its customers, she would still want to keep prices and pay for itself, extrapolating on an annualized $ 90 to $ 100 million bill from Harley-Davidson. To reduce this burden, the company plans to relocate its production abroad.

Video: Harley was struck by the fury of the president


Trump criticized the maker Töff abruptly after announcing the partial relocation of his production.

Not for the first time, the US President responded with public and serious threats: In a tweet he wrote literally: "A Harley-Davidson should never be done in another country." Customers and employees of the company are already very angry.If the company goes abroad – be careful – then it will be the beginning of the end, then give up, it's over with it. will disappear and be taxed like never before! "

Contrary to the example of Harley, automaker GM points out that the dangers to the company are not limited to the fact that foreign countries are retaliating against US rates. introduced. Even more expensive imports for the manufacturing sector in the United States through their own government measures are a big problem. According to the group, it is clear that global car manufacturers are dependent on an international value chain whose spare parts come from different countries particularly suited to their production or whose production costs are lower, also thanks to higher wages. low.

Missing from website

If costs increased due to new restrictions on these value chains, this would result in either higher car prices – and lower sales volumes – either by lower margins. why then less can be invested in the future. In either case, jobs in the United States are ultimately threatened, as the company writes.

General Motors has made every effort to ensure that price criticism is as complete as possible. Many times in the contribution is the talk of how much you feel engaged in the US economy and understand that the government wants to better uphold the interests of this economy around the world. But the planned measures would miss this objective precisely

. Unlike Harley-Davidson, President Trump has not responded to a tweet at the entrance of the largest US automaker so far. It may also be because it has not yet announced concrete measures. However, at least today, Monday morning, the document is no longer accessible to the government.
(Tages-Anzeiger)

created: 02.07.2018, 18:04

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