General Motors warned on Friday that expansive US tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating US businesses from the global market.
The Trump administration in May launched an investigation into whether imported vehicles posed a national security threat, and President Donald Trump has repeatedly threatened to quickly impose a 20 percent import tariff on vehicles.
The largest U.S. automaker said in comments filed on Friday with the US Commerce Department that overly broad tariffs could “lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less — not more — U.S. jobs.”
