President Donald Trump said Wednesday the U.S. government is studying tariffs on cars built overseas after General Motors announced a restructuring plan that involved closing plants in the United States.
"Because of the G.M. event, it is being studied now!," Trump said in a tweet, adding: "The President has great power on this issue."
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General Motors announced on Monday it would close several plants in North America and would reduce its salaried workforce by 15 percent. That reduction comes to more than 14,000 jobs being cut.
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