US President-elect Donald Trump has threatened to impose punitive tariffs on Toyota Motor's cars built in Mexico, prompting the Japanese government to defend the carmaker as an "important corporate citizen" of the United States. Economist cited the president-elect's tweet directed at GM in which he said: "Make in us or pay big border tax!"
Trump's campaign slogan during the United States presidential election campaign was "Make America great again", elaborating that one of the key components in his plan was to bring back manufacturing jobs to the US. Earlier this week, Ford scrapped its plans to build a new $1.6 billion plant south of the border.
The incoming US President Donald Trump has been slamming automakers for producing cars at low-priced factories across the border and then importing them back to the United States. First, Toyota plans to build its new plant in the state of Guanajuato, Mexico, not Baja California.
Instead, Ford said it will invest about $700 million in a MI factory that will build high-tech autonomous and electric vehicles.
On Twitter this week, Trump also celebrated a decision by Ford to cancel a new $1.6 billion plant in Mexico to build the Focus - a business move that he had frequently criticized on the campaign trail. The Ontario plant will build more higher-priced midsize vehicles.
"Toyota has been part of the cultural fabric in the United States for almost 60 years", Toyota said in the statement, adding that the carmaker looks forward to collaborating with the Trump administration.
Lockheed Martin Corp: Trump on December 12 tweeted about the US defence company's F-35 fighter jet programme, calling it "out of control".
The company further insisted that no U.S.jobs would be lost.
The Corolla is the second-most popular compact auto in the U.S.
Trump at a recent meeting with computer industry leader, here seen with Peter Thiel and Tim Cook.
The U.S. would also certainly face retribution from overseas trade partners.
"So Ford is leaving", Trump said during a nationally televised presidential debate in September.
Trade Minister Hiroshige Seko said Japanese auto firms make a "huge contribution" to the US, putting the number of jobs they support at 1.5 million.