Donald Trump meets with three auto CEOs to urge them to focus investment and business efforts in the US. This is one of the President-elect's strategies to implement his "America First" policy, bringing jobs back in the US for the Americans to take advantage of. While this is considered one of the best news for the US, other countries are a little worried.
According to Reuters, President-elect Donald Trump met with the CEOs of General Motors, Mary Barra, Ford Motor Co's Mark Fields, and Fiat Chrysler Automobiles' Sergio Marchionne. The meeting is primarily discussing to the big wigs his desire to have more plant in the US. In return, he vows to cut regulations and taxes to make it more attractive for businesses to operate in the US.
Matt Blunt who heads a US automaker trade association also attended the meeting. He told the news company Reuters that Trump asked what his administration could do on domestic trade policy that would help make the US more competitive and strengthen the ability of automakers to add production. The new President is definitely serious on advocacy to "buy American and hire American" as he pressured automakers to invest more in the country.
As added by CNN Money, Ford is the first one to heed the call of the new President. Apparently, it already cancels Mexico plant which then translates to 800 more jobs in Michigan. However, in spite of concerted efforts to hire Americans and focus business in the US, most of the automakers' Mexican operations are due to stay in place and may survive unscathed. This decision came about as Donald Trump meets with three auto CEOs recently.
Will be meeting at 9:00 with top automobile executives concerning jobs in America. I want new plants to be built here for cars sold here!
— Donald J. Trump (@realDonaldTrump) January 24, 2017
In connection with Ford's cancellation of $1.6 billion plants in Mexico to build small cars, the Ford Focus is reported to still be made in another Mexican plant. The plan may forge ahead but it won't be instantaneous as Donald Trump wants it to be.
GM also expressed its intentions of bringing back jobs to the US. They too have pledged to move their plans of building a plant in Mexico to be moved to the US. GM also have plans to invest $1 billion to invest in US plants instead of bringing it in neighboring countries such as Mexico.
As Donald Trump meets with three auto CEOs, it is clear that Americans at least have better future ahead of them. Automakers' decision to pull out their initial investment plans outside of the US promises countless jobs for Americans who most of the time complain that there aren't enough opportunities for them as most are concentrated outside the country.
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