AUTO INDUSTRY/TRUMP AS PRESIDENT: “President Donald Trump on Tuesday [11-27-18] threatened to cut government subsidies to General Motors in response to the auto company’s announcement Monday that it will shutter North American plants and cut thousands of jobs…White House economic adviser Larry Kudlow said much the same during a White House news briefing Tuesday, saying before the president’s tweet that the administration was ‘going to be looking at certain subsidies regarding electric cars and others, whether they should apply or not.’ The U.S. currently offers a federal tax credit of as much as $7,500 per new electric vehicle purchased in the U.S. GM is part of a coalition formed earlier this month that has been lobbying to expand the subsidy, which is available for the first 200,000 cars produced. Since GM is already close to reaching the 200,000 limit, cutting its subsidy for producing electric cars wouldn’t have much effect under current law.”
–Rebecca Rainey, “Trump says he is considering cutting GM subsidies in response to layoffs,” Politico, November 27, 2018 3:22 pm