Trump Attacks GM for Selling Cars Made in Mexico in US – Gets Mocked on Twitter for Hypocrisy
Will He Tank Another Top US Manufacturer’s Stock Again?
Early Tuesday morning Donald Trump attacked General Motors, a $152 billion American manufacturing company, for making some cars in Mexico then importing them into the United States to be sold. In an unprecedented move – targeting one company, not an industry – the president-elect via Twitter threatened GM with tariffs if they do not begin making the cars in the U.S.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump) January 3, 2017
On Twitter, many noted Trump’s extreme hypocrisy.
Trump’s clothing line is also not made in America, it’s made in China and Mexico – countries he regularly attacks – and 10 other countries:
@realDonaldTrump Hey, like your suit jackets! 🇲🇽🇲🇽🇲🇽 pic.twitter.com/M7lOkgCa3O
— Jordan Uhl (@JordanUhl) January 3, 2017
.@realDonaldTrump What’s the tariff on this bullshit? Why not make it here? pic.twitter.com/AtTt089gKC
— Derek (@KentuckyBlacc) January 3, 2017
@realDonaldTrump How many Trump products were made overseas? Here’s the complete list. https://t.co/rXDZb8jkZE
— Simon Cullen (@Simon_Cullen) January 3, 2017
One person noted that Trump’s daughter Ivanka makes her clothing overseas also:
@realDonaldTrump You know about your daughter Ivanka’s clothing line, right? Or your own, totally manufactured out of the country? Unfair!
— TONY DARO (@TONYDARO) January 3, 2017
Another noted that Trump appointed GM Chairman and CEO Mary Barra to his economic advisory panel:
@realDonaldTrump I mean, take this up with her, dude.
— Justin Hendrix (@justinhendrix) January 3, 2017
Trump’s previous tweets sunk the stock prices of Boeing and Lockheed Martin, two other U.S. manufacturers, which have led to accusations Trump might be intentionally trying to bring down stock prices, allowing those next to him advance notice to rush in and buy them at a big discount, and sell them as they rise back up.
@realDonaldTrump which one of Trump’s cronies shorted $GM stock this morning?
— Michael Skolnik (@MichaelSkolnik) January 3, 2017
@realDonaldTrump GM share price closed at $34.84. Let’s see where it ends up today
— Yashar (@yashar) January 3, 2017
All these Trump tweets against public companies = stock manipulation. Wonder if it’s a pump & dump scheme. @SEC_News #TrumpLeaks #ethics https://t.co/YpynlLJCbC
— Babie Cee (@babiecee) January 3, 2017
And in fact, as MarketWatch reports, GM’s stock price is already falling in pre-market action.
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