Trump warns U.S. may cut off GM subsidies after job cuts
WASHINGTON (Reuters) - U.S. President Donald Trump said the White House is looking at cutting subsidies for General Motors Co after the largest U.S. automaker said it would close four plants in the United States and layoff thousands of workers
WASHINGTON (Reuters) - U.S. President Donald Trump said the White House is looking at cutting subsidies for General Motors Co
Trump also criticized GM for not closing facilities in Mexico or China. "The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including... for electric cars," Trump said on Twitter. GM electric vehicles are eligible for a $7,500 tax credit under federal law, but it is not clear how the administration could restrict those credits. GM shares fell on Trump's tweets.
(Reporting by David Shepardson; Editing by Chizu Nomiyama)
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By Robin Emmott and John Irish | BRUSSELS/PARIS BRUSSELS/PARIS France and Germany will agree to a U.S. plan for NATO to take a bigger role in the fight against Islamic militants at a meeting with President Donald Trump on Thursday, but insist the move is purely symbolic, four senior European diplomats said.The decision to allow the North Atlantic Treaty Organization to join the coalition against Islamic State in Syria and Iraq follows weeks of pressure on the two allies, who are wary of NATO confronting Russia in Syria and of alienating Arab countries who see NATO as pushing a pro-Western agenda."NATO as an institution will join the coalition," said one senior diplomat involved in the discussions. "The question is whether this just a symbolic gesture to the United States
BEIJING Chinese President Xi Jinping on Wednesday called for greater efforts to make the country's navy a world class one, strong in operations on, below and above the surface, as it steps up its ability to project power far from its shores.China's navy has taken an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and a new aircraft carrier launched last month.With President Donald Trump promising a US shipbuilding spree and unnerving Beijing with his unpredictable approach on hot button issues including Taiwan and the South and East China Seas, China is pushing to narrow the gap with the U.S. Navy.Inspecting navy headquarters, Xi said the navy should "aim for the top ranks in the world", the Defence Ministry said in a statement about his visit."Building a strong and modern navy is an important mark of a top ranking global military," the ministry paraphrased Xi as saying.