GM warns tariff could force job cuts, raise cost of cars
Quote:
General Motors is warning the Trump administration that a proposed tariff could force the company to cut jobs and raise the price of cars, perhaps by thousands of dollars.
The warning came in a filing Friday with the Commerce Department.
The administration is considering a tariff on imported cars and car parts. GM (GM) imports parts for cars that it makes in the United States. It also imports some cars to sell in the United States.
"Increased import tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less — not more — U.S. jobs," GM said in the filing.
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GM warns tariff could force job cuts, raise cost of cars
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