TNHarley
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- Sep 27, 2012
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Trump: Toyota faces big tax if it builds Corolla cars for U.S. in Mexico
My favorite part of the article : The value of the Mexican peso has skidded amid fears that Trump's policies would harm Latin America's second-biggest economy.![badgrin :badgrin: :badgrin:](/styles/smilies/badgrin.gif)
U.S. President-elect Donald Trump on Thursday targeted Toyota Motor Corp (7203.T), threatening to impose a hefty fee on the Japanese automaker it if builds 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.
This was Trump's latest broadside against automakers building cars in Mexico and first against a foreign automaker. The president-elect's attacks on investments by companies in Mexico have cast a shadow over cross-border production networks central to more than $583 billion a year in trade between the two countries.
My favorite part of the article : The value of the Mexican peso has skidded amid fears that Trump's policies would harm Latin America's second-biggest economy.
![badgrin :badgrin: :badgrin:](/styles/smilies/badgrin.gif)