8
votes
GM to slash jobs and production, cancel some car models
Link information
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- Title
- GM to cut car production in North America, halt some models: source
- Authors
- Paul Lienert
- Published
- Nov 26 2018
- Word count
- 363 words
I'm not sure it's fair to label this "tariff" as the article states that tariffs were not really at issue here:
I'll admit, it's the first thing I thought of though.
Yeah, while Mary Barra tried to downplay the steel and aluminum tariffs in this piece, I think the link is pretty undeniable. The preceding sentence to the quote you linked here even says:
There are a ton of other sources that are linking GM's financial troubles to the tariffs today as well.
Even back earlier this summer they said explicitly that the Trump tariffs were likely to force U.S. job cuts.
Sure that's fair. I'm not defending the tariffs at all, I was just looking for that same connection and the article seemed to refute it. If you're seeing other sources reference the link, or discussing how GM is getting out ahead of tariffs, then that's cool :)
Looks to me like Barra was trying to avoid exactly what just happened with President Trump by downplaying the effect of the tariffs at this point.
I would as well. Can you imagine the uproar if some other president ever called on a company directly like that?