Trump threatens to cut subsidies for GM

Trump's reacting to the company's announcement of 15 percent global jobs cuts and the closure of four U.S. motor plants.
0:46 | 11/27/18

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Transcript for Trump threatens to cut subsidies for GM
President trump now threatening to cut all subsidies to General Motors after the company announced thousands of job cuts in the closures of five factories. The president tweeting in part very disappointed with the General Motors and there are CEO. Then going on to say nothing being closed in Mexico and China the US saved General Motors and this is the thanks we get. White house Press Secretary Serra Sanders told reporters the administration is looking at a specific timeline for pulling subsidies. This act is not about the president's about the fact that their regular car Brinkley that people don't wanna black. And hopefully they will make adjustments and make changes and bring those workers back. But the cuts hurt president Trump's campaign promise to bring back jobs to the US. GM says the moves are in response to a shift in consumer purchases.

This transcript has been automatically generated and may not be 100% accurate.

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