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G.M. New tariffs could force US job cuts



General Motors warned Friday that another wave of tariffs being considered by the Trump administration could force the company to cut back on its business and cost American jobs.

In comments to the Ministry of Commerce, the automaker said, if approved, the prices of individual vehicles could rise by thousands of dollars and dampen demand. Such costs would have to be borne either by the consumers or by the company.

Last month, President Trump ordered an investigation into whether imported cars and automotive components could pose a national security threat to justify an inch of duty, up to 25 percent. If he continues, it would aggravate a global trade war that has affected allies and enemies. In recent months, the government has imposed tariffs on imported steel and aluminum as well as on China-related measures.

Above all car makers were caught in the middle of the trade fight. They rely heavily on metals to build their cars, even overseas. The president's threat to withdraw from the North American Free Trade Agreement could also damage the industry supply chain.

A GM spokeswoman Dayna Hart said that the company did not have contingency plans calling for job cuts, but that "something could happen."

"We still evaluate the impact," she added.

General Motors wrote in his commentary that It has 47 manufacturing facilities, 25 service part facilities and 110,000 employees in the United States, where it carries out most of its research and development, design, engineering and other work.

Follow Tiffany Hsu on Twitter: @ tiffkshsu

Neal E. Boudette contributed to the coverage.


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