General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsToyota Rebukes Trump for Sending Message That Carmaker 'Not Welcomed' in U.S.
Toyota Motor Corp. rebuked President Donald Trumps declaration that imported cars threaten U.S. national security, signaling contentious talks are ahead for the White House and Americas key trading partners.
In an unusually strong-worded statement, Japans largest automaker said Trumps proclamation Friday that the U.S. needs to defend itself against foreign cars and components sends a message to Toyota that our investments are not welcomed. The company said it has spent more than $60 billion building operations in the country, including 10 manufacturing plants.
Trump earlier Friday agreed with the conclusions of his Commerce Department, which investigated imports of vehicles and auto parts and found they harm national security by having led to a declining market share for American-owned carmakers since the 1980s. The White House set a 180-day deadline for negotiating deals with Japan, the European Union and other major auto exporters.
Toyota said it remains hopeful that those talks can be resolved quickly, but warned that curbing imports would force U.S. consumers to pay more and be counterproductive for jobs and the economy. The companys critique comes two months after its pledge to add $3 billion to a years-long U.S. investment plan.
Read more: https://www.bloomberg.com/news/articles/2019-05-17/toyota-says-trump-sent-message-carmaker-not-welcomed-in-u-s?srnd=premium
spanone
(135,802 posts)dalton99a
(81,426 posts)bdamomma
(63,810 posts)is. They are going to hike up all prices, even Walmart is going to increase their prices too. tRump is taking a crap on all of us. When are we going to crap on him.
Norbert
(6,039 posts)We will see what that does to the tRump economy.
real Cannabis calm
(1,124 posts)Smilo
(1,944 posts)trump and his cronies want to be.
Even most republicans acknowledge this is a global economy and we can't have everything produced in America.
Wellstone ruled
(34,661 posts)a wet kiss to GM. Hint,if we built quality auto's that the Public would buy,this conversation would be all but moot.