Did Trump do this to cause stock price to fall so he could buy then?
January 3, 2017
President-elect Donald Trump issued a pointed warning to General Motors on Tuesday for manufacturing its Chevrolet Cruze in Mexico, suggesting on Twitter that he'd slap the auto manufacturer with a "big border tax" if it didn't bring manufacturing back to the U.S.:
As it turns out, Chevrolet Cruze sedans sold in the U.S. aren't made in Mexico, but in Ohio.
Still, Trump's erroneous social media blast had an effect. Following Trump's tweet and before the markets opened Tuesday, shares of GM fell 1 percent. After GM clarified its manufacturing activity in Mexico, its shares rebounded the full 1 percent.