China trade war: Trump blames GM for job losses caused by his tariffs – Business Insider

China trade war: Trump blames GM for job losses caused by his tariffs – Business Insider

Earlier this year, GM lowered its profit forecasts for 2018, citing higher steel and aluminum prices caused by new US tariffs. And in June, GM warned that trade tariffs could lead to job losses and lower wages, telling the Commerce Department that higher steel tariffs would affect competitiveness.

The automaker, which employs about 110,000 workers, on Monday said it planned to halt production at a plant in Ohio, a state that voted for Trump in 2016.

via China trade war: Trump blames GM for job losses caused by his tariffs – Business Insider