Trump Threatens To Cut “All GM Subsidies” Over Layoffs

CNBC reports:

President Donald Trump will consider cutting all subsidies to General Motors after the company announced plans to slash productions at several American plants, he said Tuesday. The automaker’s shares fell following the tweet and were down more than 2 percent on Tuesday afternoon.

The tweet escalates the president’s public threats against GM as he pushes the company to keep the facilities in Ohio, Michigan and Maryland open. Trump has repeatedly pressured American companies who consider moving operations overseas after he pledged to revive U.S. manufacturing.