President Donald Trump again rails against General Motors, tweeting that the company's job cuts and plant closures are an exception and "very counter to what other auto companies are doing." But other automakers are also struggling. Ford said it will cut jobs and BMW's exports have slumped. Rising material costs and export tariffs are hurting European and Japanese companies operating in the US as well. His tweet continued: "Big Steel is opening and renovating plants all over the country. Auto companies are pouring into the U.S., including BMW, which just announced a major new plant. The U.S.A. is booming!" Let's review what's wrong here. No steel has not renovating all over 1 of 6 and partial sub renovation at that. No new steel or aluminum production whatsoever. Concerning auto makers net loss, closures, layoffs for the foreseeable future, thanks trump tariffs. Not quite. Ford just last month announced that it would be forced to lay off employees as it cuts costs. While Trump could likely claim BMW building a new plant in the US as a big win, the German company has far from confirmed any plans, and has also shown signs that the trade war is actively hurting its business in the USA. Honda, one of Japan's largest automakers, has also felt the pain from Trump's tariff agenda. Donald J. Trump Donald J. Trump @realDonaldTrump General Motors is very counter to what other auto, and other, companies are doing. Big Steel is opening and renovating plants all over the country. Auto companies are pouring into the U.S., including BMW, which just announced a major new plant. The U.S.A. is booming! 6:37 AM . Nov 29, 2018 . Twitter for iPhone 18.5K Retweets 80.8K Likes Well the trump tweet propoghanda ministry giveth bullish-t so twitter reciprocated with memes. Enjoy.
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