(Interview follows)GM’s decision sparked a backlash from lawmakers in Canada and the United States. Sen. Sherrod Brown (D-OH) called it “corporate greed at its worst,” pointing out that GM received millions in corporate tax cuts but failed to use the money to invest in its workers. Instead, the company recently announced plans to build its new Chevy Blazer in Mexico — a decision that frustrated US labor unions that want those jobs to go to American workers.
Trump was also reportedly furious about the decision. GM produces electric cars, and buyers in the US can get a federal tax break for purchasing one. So Trump threatened to cut those subsidies for GM vehicles (which he can’t do without Congress).
As lawmakers and company executives continue to point fingers and try to deflect the blame, I reached out to Nanette Senters, a 55-year-old woman who has spent the past two decades working at GM’s Lordstown plant in Warren, Ohio, where the Chevy Cruze is made.
Senters sobbed quietly on the phone as she told me how distressing the news has been for her and thousands of her co-workers who will lose their jobs. She is single but helps support her 84-year-old mother. She was also angry, she told me — at GM, at Trump, and at all the American companies outsourcing jobs abroad.
Who to blame? I will just point out one aspect of this that economists and the business community warned about: Steel and Aluminum tariffs might be good for the domestic steel industry, but they aren't good for other manufacturing industries like the automobile industries because they raise their materials costs. That's not the only factor here of course, but it's part of it.