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Donald Trump Goes After Toyota Over Mexico Manufacturing In Latest Battle With Automaker

TodayNewsReview / General / Business / Donald Trump Goes After Toyota Over Mexico Manufacturing In Latest Battle With Automaker 299 Views

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In Donald Trump's latest Twitter rebuke, the president-elect said that unless Toyota Motor builds its plant in the U.S., it should expect to face a large border tax.

The company's shares dropped in afternoon trade on Thursday on the Nasdaq following the message.

The threat about Toyota's planned new plant in Mexico is just the latest from Trump, who already has gone after two other automakers.

Earlier this week, Trump issued a separate ultimatum to General Motors: make its Chevy Cruze cars in the U.S. or expect to pay a big border tax.

He has also been very vocal in pressuring Ford about its own plans for Mexico. Two days ago, Ford announced it was canceling its plans to build Mexican plant, but insisted Trump was not the main factor for the decision.

www.cnbc.com/2017/01/05/donald-trump-goes-after-toyota-third-automaker-in-a-week-over-mexico-manufacturing.html

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