General Motors Co. issued a stern warning to the Trump administration that it could shrink U.S. operations and cut jobs if tariffs are broadly applied to imported vehicles and auto parts.
"Increased import tariffs could lead to a smaller GM, a reduced presence at home and risk less -- not more -- U.S. jobs," the nation's largest automaker said in comments submitted Friday to the Commerce Department.
That such a blunt statement came from GM -- a company run by a CEO, Mary Barra, whose normal tack is to avoid the political fray and let trade groups address the president's policies -- was surprising to industry observers. And it underscored how high she, and many industrial leaders, believe the stakes are as the president sinks the U.S. into tit-for-tat trade squabbles across the globe. GM's public pronouncement follows similar moves by Harley-Davidson Inc., Toyota Motor Corp. and Daimler AG
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