Trump Criticizes GM for Mexican Made Chevy Cruze Imports

January 3, 2017 Share Print 0

US President-elect Donald Trump has criticised General Motors on Twitter for making cars built in Mexico available tax-free in the US.

“General Motors is sending Mexican made model of Chevy Cruze to US car dealers-tax free across border. Make in U.S.A. or pay big border tax!” he tweeted.

However, GM said most of its Chevy Cruze cars were made in the US.

A spokesman said only the hatchback model, which forms a small percentage of sales, was made in Mexico.

He added that the car was built there for global production and said that although some Cruze sedans were made in Mexico for a while last year, all the ones now sold in the US were manufactured in Ohio.

via BBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.