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GM warns import tariffs may lead to fewer U.S. jobs
Last Updated: 2018-06-30 11:06 | Xinhua
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U.S. automaker General Motors (GM) warned that the extra tariffs on imported vehicles could risk jobs in the United States and lead to a reduced presence domestically and internationally.

The automaker Friday filed comments with the U.S. Commerce Department, saying the import tariffs President Donald Trump is mulling could "lead to a smaller GM, and risk less, not more U.S. jobs."

GM said the tariffs could raise vehicle prices and reduce sales. Even if automakers chose not to pass on higher costs, it could still lead to less investment, fewer jobs, and lower wages for our employees.

"The carry-on effect of less investment and a smaller workforce could delay breakthrough technologies," it said.

GM is the second U.S. manufacturing giant that warned of the dangers of Trump's tariff policies this week.

On Monday, U.S. motorcycle maker Harley-Davidson announced that it would move production of motorcycles shipped to the European Union from the United States to its international facilities, in an effort to avoid the possible retaliatory tariffs imposed by the EU.

It is estimated that the EU's retaliatory tariffs may cost the company 90 million to 100 million U.S. dollars a year.

Trump launched an investigation into imported vehicles in May, and repeatedly threatened to impose a 20 percent import tariff on vehicles.

The Commerce Department planned to wrap up its investigation into automotive imports by late July or August.

The EU has announced its retaliatory tariffs on a list of U.S. products in response to tariffs on steel and aluminum.

GM operates 47 U.S. manufacturing facilities and employs about 110,000 people in the country. It buys tens of billions of dollars' worth of parts from U.S. suppliers every year, and has invested over 22 billion dollars in U.S. manufacturing operations since 2009.

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