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GM reduces 14,700 working spaces subsequently costs $ 1 billion in trump's trade war

GM reduces 14,700 working spaces subsequently costs $ 1 billion in trump's trade war

Thanks to trump's trade war this year, thousands of automakers stand a good chance of getting pink bugs in their own stockings.

Subsequently, such as trump's senseless trade struggle turned out to be GM in 1 billion $, the automaker says, in fact, that it will reduce thousands of working spaces and has the ability to shut down a number of plants.

"General Motors will fire 14,700 factory and snow white collars in North America and supply 5 plants for probable closure,” the Associated Press reports.

These intentions are not considered final by that AP because GM is still negotiating with the United Union of automakers.

But the shocking Billboard comes at the beginning of the holiday season, for example, as these employees have every chance to dress up to celebrate with their own families.

GM's move still comes afterwards such as Trump's tariffs on imported steel reportedly cost the firm $1 billion.

Once out of the plants for probable closure-the plant in Warren, Michigan-the same metropolis where trump held a meeting in 2016 and promised, in fact, that in case he becomes elected, “you will not lose time plant.”

Other factories that stand a good chance of being shut down or seriously affected are present in Detroit, Baltimore, and Lordstown, Ohio.

Instead of the promised prosperity of the politician trump leads to"pink spots".

GM is not the only iconic South American firm to have suffered injuries from trump's losing trade war.

Earlier this year, Harley-Davidson announced that because trump's insane tariffs would cost the firm within $ 100 million a year, the motorcycle giant was moving a share of its own production abroad.

As he usually cooks, when someone dares to discuss it, trump threw a tantrum and pounced on Harley-Davidson.

Trump's trade struggle is still wreaking havoc on American farmers, whose access to overseas markets has been crippled by trump's policies. As a result, some peasants plow under their own crops, and do not collect them.

Trump promised billion in order to save these farmers, but only a tiny percentage of the funds were practically distributed. And including if these options were fully distributed, almost all farmers talk, in fact that it does not present a conclusion of the difficulties.

In the manner of the Grinch trump breaks holidays for thousands of families.

Posted with permission from American Independent.

Category: News | Views: 633 | Added by: ricknomanz | Tags: cindy hyde smith, General motors, Mueller, dow jones gm, apple stock, AAPL, russia, dow, Ukraine, CNBC | Rating: 0.0/0
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