In September, Trump proclaimed he had an economic magic wand. He made a similar claim yesterday, then threatened GM.

Economic Magic Wand Claim September 10

“President Trump would need a magic wand to get to 4% GDP,” stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.

— Donald J. Trump (@realDonaldTrump) September 10, 2018

Manufacturing Magic Wand Claim November 26

At a Mississippi campaign rally yesterday, Trump bragged that his administration had "found the magic wand" for manufacturing in the United States.

This was just a few hours after GM announced it's closing 8 plants, 4 in the US, and shedding close to 15,000 workers.

In response to the GM announcement, Trump told GM CEO Mary Barra she had "better" reopen plants in the US soon.

Trump Chastises GM November 27

....for electric cars. General Motors made a big China bet years ago when they built plants there (and in Mexico) - don’t think that bet is going to pay off. I am here to protect America’s Workers!

— Donald J. Trump (@realDonaldTrump) November 27, 2018

Trump Threatens to Kill GM Subsidies November 27

Yesterday in reference to the Chevy Cruze Trump offered this threat. "Their car is not selling well. So they'll put something else -- I have no doubt that, in a not-too-distant future, they'll put something else. They better put something else in."

Or what?

Today we found out, sort of.

Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland. Nothing being closed in Mexico & China. The U.S. saved General Motors, and this is the THANKS we get! We are now looking at cutting all @GM subsidies, including....

— Donald J. Trump (@realDonaldTrump) November 27, 2018

Trump never finished the sentence.

Tariffs Coming

Business Insider discusses Potentially Devastating Tariffs.

Chris Krueger, a policy analyst at Cowen Washington Research Group, told Business insider that GM's announcement on Monday could add more fuel to Trump's desire to impose a 25% tariff on all cars, trucks, and auto parts coming into the US.

Gary Cohn, Trump's former top economic adviser, has said the president asked him why all cars couldn't be made in America.

The move would be economically devastating, economists say. A study from the Peterson Institute of International Economics found that a 25% auto tariff would cause auto production in the US to fall by 1.5% over the first three years and result in a net loss of 195,000 jobs.

Krueger was confident that regardless the impetus for the move, there is only one outcome in the end. "Tariffs are coming," he said.

No Magic Just BS

We are about to find out how little "magic" there is in Trump's wand.