President suggests he’s mulling tariffs on car imports

WASHINGTON — President Donald Trump hinted Wednesday that he’s looking into slapping tariffs on car imports, a day after he threatened to slash federal subsidies to General Motors for wanting to close five U.S. factories and eliminate 14,000 jobs in North America.

“The reason that the small truck business in the U.S. is such a go to favorite is that, for many years, Tariffs of 25% have been put on small trucks coming into our country,” Trump tweeted Wednesday.

“If we did that with cars coming in, many more cars would be built here and G.M. would not be closing their plants in Ohio, Michigan & Maryland.”

He continued: “The President has great power on this issue — Because of the G.M. event, it is being studied now!”