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Trump threatens to cut GM subsidies after dismissal, factory closure announcement



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President Donald Trump threatened to cut General Motors subsidies on Tuesday, a day after the Detroit automaker announced he had destroyed 14,000 workers in North America and closed seven factories around the world, including four in the U.S.

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PHOTO: President Donald Trump walks on the southern lawn after returning to the White House on November 27, 2018, in Washington.Alex Wong / Getty Images
President Donald Trump walks on the southern lawn after returning to the White House on November 27, 2018, in Washington.

"Very disappointed by General Motors and their CEO, Mary Barra, for shutting down Ohio, Michigan and Maryland plants that were not closed in Mexico and China and the US saved General Motors, cutting off all @GM subsidies, including … "Trump tweeted on Tuesday.

"… for electric cars … General Motors made a big bet China a few years ago when they built plants there (and in Mexico) – you do not think the bet will pay, I'm here to protect America's workers!" The President continued in a tweet later.

PHOTO: A sign is displayed at General Motors Lordstown Wast, November 27, 2018, in Lordstown, Ohio.Tony Dejak / AP
A sign is displayed at the General Motors Lordstown Wast plant, November 27, 2018, in Lordstown, Ohio.

Earlier Tuesday, Larry Kudlow, chairman of the National Economic Council, while analyzing the president's agenda for the G20, told reporters there might be news of the White House's GM action.

"I think there's a huge amount of disappointment, even in anger," Kudlow said.

Asked whether action is being taken to help 14,000 workers get fired, similar to subsidies for farmers injured by Chinese tariffs, Kudlow said that GM CEO Mary Barra told him that it was talking about moving the some of the other workers in Texas or Michigan. Kudlow added that he would not exclude possible additional actions to "ameliorate" the issue.

PHOTO: General Motors President and CEO Mary Barra speaks at GM's press conference at the North American Motor Show in Detroit on January 16, 2018.Rebecca Cook / Reuters
General Motors President and CEO Mary Barra speaks at GM's press conference at the North American Auto Show in Detroit on January 16, 2018.

ABC News "Alexander Mallin has contributed to this report.

This is a developing story. Please check again for updates.

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