https://reason.com/blog/2018/11/26/after-losing-1-billion-to-tariffs-genera

Speaking to a cheering crowd in Youngstown, Ohio, in July of last year, President Donald Trump promised more jobs would soon be flowing to the blue-collar city.

"Let me tell you folks in Ohio and in this area, don't sell your house," Trump said at the time, to wild applause "We're going to get those jobs coming back, and we're going to fill up those factories or rip them down and build brand-new ones. It's going to happen."

Months later, though, Trump imposed new tariffs on imported steel and aluminum that increased prices for many American manufacturers, including carmakers. He followed those tariffs with others targeting Chinese-made goods, including parts used specifically in the manufacturing of automobiles. General Motors, in July, said Trump's tariffs would cost it more than $1 billion over a full year and the company's chief financial officer told Reuters that GM would deal with those added costs by "negotiating price reductions with suppliers, raising prices on more popular models, and cost cutting."

The cost-cutting happened on Monday, when GM announced that it would eliminate about 14,000 jobs in North America and could close five manufacturing plants. Alongside two plants in Michigan, one in Maryland, and one in Ontario, Canada, GM said one of the plants targeted to be closed-or, um, "unallocated" in the awful PR-jargon used by GM in the announcement-is just outside of Youngstown, Ohio.