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Memo: Trumps GM attacks concern business movements

President Trump Donald John Trump Veterans Affairs Dept says it will not replace veterinarians who were underpaid GI Bill benefits:…

President Trump Donald John Trump Veterans Affairs Dept says it will not replace veterinarians who were underpaid GI Bill benefits: report Ex-Clinton spokesman turns Ivanka Trump on defense of private email usage: “Nothing short of outrageous “Sinclair defends segments that motivate the use of tear gas at the border as” commentary “MORE s hard attacks on General Motors (GM) have stirred new concerns in an industry that is prone to smashing companies by name.

At various times during Trump’s presidency, Amazon, Nordstrom, Boeing and Lockheed Martin have found themselves in their intersections.

But his attack on GM has been particularly powerful after this week’s announcement by automaker that it would reduce about 1

4,000 jobs, sculpture sites in the chosen vital states of Ohio and Michigan.

“Very disappointed with General Motors and their CEO, Mary Barra, to shut down factories in Ohio, Michigan and Maryland. Nothing closes in Mexico and China. The United States rescued General Motors, and this is the THANK YOU get!” Trump tweeted Tuesday, one day after the news broke.

He also drove the idea of ​​reducing US state subsidies to automaker – an idea that had been discussed just a few minutes before at the White House press release by financial advisor Larry Kudlow.

Trump later retweeted a message from a supportive account: “If GM does not want to keep their jobs in the US, they should pay back $ 11.2 billion rescue funded by the US taxpayer.”

On Wednesday, he followed up with the fact that he could be open for new tariffs on automatic import.

GM had previously complained that the President’s fees on steel and aluminum had caused the problem.

In July, the automaker’s finance manager, Chuck Stevens, said “The big challenge we are currently dealing with raw materials, especially aluminum and steel”, according to USA Today.

The larger pictur e is one where business figures worry about the president’s will to turn to CEO and their company.

“It gives young business, and businesses are struggling with how to handle it, especially when the president’s comments do not” reflect a firm understanding of the business’s business situation, “said an official at a large business association asking for anonymity to speak openly.

“They do not just have to answer. in many cases they have to correct incorrect statements from the United States president, “said the official.

An example cited by this source and others came when Trump attacked Harley Davidson in June.

The president suggested that the legendary motorcycle manufacturer used his tariffs and trade policy as an “excuse” to move production from the United States. In another two, he threatened to “fail to sell back to the United States without paying a huge tax.”

In fact, Harley Davidson motorcycles like sold in the US is made here. The company had decided to build and then expand a factory in Thailand to serve foreign markets. Separately, it had announced the closure of a Kansas City facility due to softening domestic demand.

“The President just dead was wrong about what happened, “said the trade union official.” It was an iconic American brand that wrongly attacked by an American president. “

Other experts stressed how unusual it is for a president to compare criticism against specific companies.

Jeffrey Sonnenfeld, Professor of Yale School of Administration, said he could not think of anything comparable since earlier President Kennedy attacked US Steel executives in 1962 after announcing an unexpected price increase.

Sonnenfeld also noted that some business leaders have taken a stand against Trump’s positions on unrelated questions.

After Trump’s deep controversial reaction to racist violence in Charlottesville, VA, in 2017, Merck’s president, Ken Frazier, almost resigned from a Bureau’s advisory council.

Trump blasted Frazier on Twitter, but other executives followed the CEO’s management and advisory council (as well as another related) gathered later.

“We have seen collective action among these very diffuse CEOs that the band comes together when one gets under attack,” says Sonnenfeld.

Trump does not make any legs he believes he has the right to repel on companies who have been unhappy him – and he throws his actions as standing up for the public against corporate power. 19659004] The argument can still have some populist power. But it can be badly subjected to job losses, especially in the Rust Belt states that were central to Trumps 2016 valvinst.

“There is a real consequence in the part of the election chart that he is still watching close to 2020,” said Julian Zelizer, professor of history and public affairs at Princeton University. “He does not want people to lose jobs because he has promised to keep them.”

To Zelizer, Trump’s approach puts CEOs in an almost impossible position.

“It seems to be the only way to place. He will not do anything that hurts him,” he says. “That’s all you need to avoid if you’re a big company and [GM] just passed that line. But it is really difficult for a company to make its decisions. “

Memo is a reported column of Niall Stanage, primarily focused on Donald Trump’s Presidency.

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