Gary Cohn, President Donald Trump’s former chief economic adviser, spoke at a Washington Post event on Thursday.
Cohn said Trump wants to try and manufacture all US vehicles domestically.
Cohn also blasted Trump’s tariffs and said current trade policies could undermine the boost from the GOP tax bill.
President Donald Trump has an imposing vision for the future of automobile manufacturing in the US, according to his former top economic adviser.
Gary Cohn, the former director of the National Economic Council and Goldman Sachs executive, recounted Trump’s economic thinking during a Washington Post panel on Thursday. To illustrate the president’s desire to boost economic growth in the US, Cohn alluded to the president’s thinking on auto production.
“He says, ‘I want to grow the economy, therefore I don’t want cars made overseas, I want all cars made in the United States,'” Cohn said, adding that it is not realistic to manufacture all cars in the US.
“He says ‘I want cars made in the United States, we make great cars in the United States,'” Cohn repeated. “He’s right, we make great cars in the United States. ‘Why would we imports cars when if we make cars in the United States, we make more profits, create more …read more
Source:: Businessinsider – Finance