The International Monetary Fund has warned that the storm clouds are gathering for the world economy in 2019.
The largest US automaker said that overly broad tariffs could lead to a smaller GM, a reduced presence at home and abroad for this iconic American company, and risk less – not more – US jobs.
Trump sounded like a jilted lover when he tweeted: “I’ve done so much for you, and then this… We won’t forget, and neither will your customers or your now very HAPPY competitors!”
It’s not totally clear what the president meant when he said he’s done “so much for” Harley-Davidson.
In his Fox News interview Sunday, Trump dismissed the idea that Harley’s decision had something to do with his tariffs.
A number of companies have already reported that the trade war has already forced them to hike prices.
Markets dropped across the world after Trump threatened to impose $200bn more in levies on Chinese goods.
The Chinese response could end up hurting American business owners, ranchers and farmers, many of whom are from regions that voted for Mr Trump in 2016.