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Trump threatens Toyota over Mexico factory plans

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Trump hits Toyota in latest broadside against carmakers and Mexico

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

– U.S. President-elect Donald Trump talks to members of the media as retired U.S. Army Lieutenant General Michael Flynn stands next to him at Mar-a-Lago estate in Palm Beach, Florida, U.S., December 21, 2016.REUTERS/Carlos BarriaA 2016 Toyota Prius hybrid is seen at the Washington Auto Show in Washington January 29, 2016.REUTERS/Gary CameronWASHINGTON U.S. President-elect Donald Trump targeted Toyota Motor Corp (7203.T) 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 threatens Toyota over Mexico factory plans

Trump threatens Toyota over Mexico factory plans*/

– WASHINGTON: US President-elect Donald Trump on Thursday threatened Toyota with import taxes for building cars in Mexico, making the Japanese automaker the latest company to face the incoming Republican leader’s wrath.Trump – who takes office on January 20 – has embraced the unorthodox tactic of using Twitter and his position as president-in-waiting to intervene personally and publicly in the affairs of major companies.The 70-year-old Republican property mogul campaigned in part on bringing manufacturing jobs back to America’s heartland and allegations of unfair trade – themes that helped convince voters to support him and not Hillary Clinton.
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