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Trump says Toyota will face tariffs on cars made in Mexico

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Trump says Toyota will face tariffs on cars made in Mexico

Trump says Toyota will face tariffs on cars made in Mexico*/

– Image copyright Getty ImagesDonald Trump has tweeted that Toyota will face hefty tariffs on cars built in Mexico for the US market if it builds Corollas south of the border.The president-elect said the Japanese company would be hit with a “big border tax” if the plan went ahead.American car companies have faced harsh criticism from Mr Trump for building cars more cheaply outside the US.
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Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant

Toyota Stocks Dip After Trump Tweet on Planned Mexico Plant*/

– In this file photo, Toyota cars are offered for sale at a car dealership on December 22, 2008.Toyota Motor Corp. stock fell 2 percent in early Friday morning trading after President-elect Donald Trump said on Twitter that the Japanese automaker faces a “big border tax” if it goes ahead with plans on a new Mexico plant.Toyota in Japan had no further comments beyond what it released in the U.S., which did not directly address Trump’s tweet but stressed that Toyota has been in the U.S. for six decades and that the Mexico plant will not affect jobs or production in the U.S.Toyota President Akio Toyoda made similar comments at a New Year’s gathering for auto businesses at a Tokyo hotel, saying the company wants to be a “good corporate citizen” and make “America strong.”
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Trump hits Toyota in latest rant against carmakers and Mexico

Trump hits Toyota in latest rant against carmakers and Mexico*/

– FILE — In this Dec. 28, 2016 file photo, President-elect Donald Trump listens to a question as he speaks to reporters at Mar-a-Lago, in Palm Beach, Fla. Trump gave a videotaped deposition on Thursday, Jan. 5, 2017, for a lawsuit stemming from a clash with a celebrity restaurateur at his new Washington hotel.It was a rare legal proceeding for a president-elect or sitting president that highlights the legal woes that could follow Trump to the Oval Office.President-elect Donald Trump targeted ToyotaMotor Corp on Thursday, threatening to impose a hefty fee on the world’s largest automaker if it builds its Corolla cars for the U.S. market at a plant in Mexico.
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Trump Hits Toyota on Mexico as Car Criticism Spreads to Japanese

Trump Hits Toyota on Mexico as Car Criticism Spreads to Japanese*/

– President-elect Donald Trump launched his latest Twitter missive over Mexico-built and imported cars toward a Japanese automaker for the first time, threatening to tax Toyota Motor Corp. into building a plant in the U.S. instead.Days removed from Ford Motor Co. canceling a $1.6 billion plant in Mexico, Trump seized on a 20-month-old announcement by Toyota of a factory scheduled to build Corolla compacts beginning in 2019.After misstating that the new plant will be built where Toyota already has a production site, Trump followed with “NO WAY!
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