Trump tanked GM stock

The day after General Motors announced the company will be cutting production at several American plants, Trump blatantly tweeted that in retaliation for the decision he will be considering cutting all of GM's subsidies.

"Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!"

And, of course, as Trump knew it would, GM's stock dropped considerably.

And Trump definitely knows, and enjoys watching, the effects of his tweets. In an interview with Mike Allen and Jonathan Swan for HBO's "Axios on HBO," Cliff Sims, former director of White House message strategy, described what it was like when Trump tweets, saying he would go "into the private dining room and within about five minutes, he can see this creation ... how it's playing out on the television."

- Cory

Follow me on Twitter - @CoryUpdate

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