SUVs move through the assembly line at the General Motors Assembly Plant in Arlington, Texas June 9, 2015. REUTERS/Mike Stone
WASHINGTON (Reuters) – President Donald Trump on Thursday said General Motors Co (GM.N) could face repercussions under the recent trade deal he has worked out with Mexico if it decides to add production outside of the United States, as he criticized the company for its recent announcement of planned layoffs.
“I don’t like that General Motors does that. And they’re going down to Mexico to make cars? Now the new deal…that I made really makes it very uncomfortable for people to go out of the country and it will be very uncomfortable for them,” he said in a Fox News interview, without elaborating. “General Motors is not going to be treated well.”
Trump signed a new trade deal with Mexico and Canada on Nov. 30 to replace the North American Free Trade Agreement, but that deal has not been approved by the U.S. Congress. GM already makes vehicles in Mexico.
Reporting by Lisa Lambert; Editing by Cynthia Osterman