Toyota slams Trump's move to label auto imports a security threat (Asian review)
Japanese carmaker receives message its investments 'not valued'
MARRIAN ZHOU, Nikkei staff writer
MAY 18, 2019 07:03 JST
NEW YORK -- Toyota Motor on Friday criticized U.S. President Donald Trump for declaring auto imports a national security threat while announcing a six-month delay to a possible 25% tariff.
"Today's proclamation sends a message to Toyota that our investments are not welcomed, and the contributions from each of our employees across America are not valued," Toyota Motor Sales U.S.A. said in a statement.
The announcement came hours after the Trump signed a proclamation saying that "automobiles and certain automobile parts are being imported ... in such quantities and under such circumstances as to threaten to impair the national security of the United States." But the U.S. will wait 180 days before deciding what to do next, the proclamation said. The tariffs would deal a major blow to the European and Japanese auto industries if implemented.
https://asia.nikkei.com/Economy/Trade-war/Toyota-slams-Trump-s-move-to-label-auto-imports-a-security-threat
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