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Donald Trump just threatened Toyota — but it looks like he got the facts wrong
- President-elect Donald Trump threatened to impose a hefty tax on Toyota Motor it if builds its Corolla cars for the U.S. market at a plant in Mexico.(Reuters)President-elect Donald Trump continued his Twitter tirade against the auto industry on Thursday, slamming Toyota for investing in Mexico but appearing to misstate key details of the company's operations.Trump warned the Japanese carmaker over Twitter that it could face hefty fines for building a plant in Baja, Mexico, to sell the popular Corolla sedan to American consumers.
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Trump threatens Toyota
- U.S. President-elect Donald Trump taking to Twitter again, lashing out at Toyota for plans to build its Corolla cars for the U.S. market at a plant in Mexico."Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY!Build plant in U.S. or pay big border tax," Trump said in a post on Twitter.
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Trump Threatens Toyota With 'Border Tax' Over Mexico Plans
- In Donald Trump's latest Twitter rebuke of an automaker, the president-elect threatened Toyota Motor Corp. on Thursday with a large border tax if it builds a new plant outside the U.S.Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY!Build plant in U.S. or pay big border tax.— Donald J. Trump (@realDonaldTrump) January 5, 2017Following the tweet, the company's U.S.-listed shares ticked about 0.7 percent lower, hitting a session low of $120.32.
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Toyota stock dips after Trump tweet on planned Mexico plant
- FILE- In this March 13, 2015, file photo, Toyota President and CEO Akio Toyoda speaks during a press conference in Tokyo.Toyota Motor Corp. stock is skidding in Tokyo trading after U.S. President-elect Donald Trump said Thursday, Jan. 5, 2017 on Twitter that the Japanese automaker faces a "big border tax" if it goes ahead with plans on a new Mexico plant.(AP Photo/Eugene Hoshiko, File) The Associated PressBy YURI KAGEYAMA, AP Business WriterTOKYO (AP) — Toyota Motor Corp. is a "good corporate citizen" and intends to work with President-elect Donald Trump to help make America strong, the Japanese automaker's president, Akio Toyoda, says.
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The Trump Transition: Hacking, intel and a Toyota tweet
- The disagreement between President-elect Donald Trump and the U.S. intelligence community over Russia's interference in 2016 election continues to deepen amid news that senior Russian officials celebrated Trump's victory as a geopolitical win for Moscow.The news of Russian celebrations, reported by The Washington Post, is expected to keep Russia at the center of Trump's transition narrative in spite of his team's attempts to dismiss the issue.A declassified intelligence report on Russian influence operations is also set to come out next week, which will further the story.
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