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US Pres. Trump: Countries that send us cars have taken advantage of US for decades

US President recently shared his comments in a Twitter thread on car tariffs and the GM's decision to shut down plants in the U.S.

"The reason that the small truck business in the U.S. is such a go to favorite is that, for many years, Tariffs of 25% have been put on small trucks coming into our country. It is called the “chicken tax.” If we did that with cars coming in, many more cars would be built here and G.M. would not be closing their plants in Ohio, Michigan & Maryland. Get smart Congress. Also, the countries that send us cars have taken advantage of the U.S. for decades. The President has great power on this issue - Because of the G.M. event, it is being studied now!"

Wall Street opens higher ahead of Powell speech

Earlier in the day, Morgan Stanley reported that the Chinese Yuan was likely to gather strength as a trade deal between the U.S. and China was close.
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United States New Home Sales (MoM) came in at 0.544M below forecasts (0.575M) in October

United States New Home Sales (MoM) came in at 0.544M below forecasts (0.575M) in October
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