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Toyota isn't happy with President Trump's recent rhetoric - rebuking a Friday proclamation that imported cars threaten US national security, suggesting that America and its key trading partners may be entering turbulent times.
As Bloomberg reports, Japan's largest automaker said in an "unusually strong-worded statement" that the notion of the United States needing to defend itself against foreign automakers and components "sends a message to Toyota that our investments are not welcomed."
Toyota - US - Years - R - D
Toyota has been deeply engrained in the U.S. for over 60 years. Between our R&D centers, 10 manufacturing plants, 1,500-strong dealer network, extensive supply chain and other operations, we directly and indirectly employ over 475,000 in the U.S., and have invested over $60 billion in this country, including over $1 billion in philanthropic and community-outreach efforts.
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.
Earlier on Friday, Trump agreed with his Commerce Department, which concluded that imports of vehicles and auto parts harm national security because they have resulted in a declining market share for "American-owned" since the 1980s. The White House established a 180-day deadline for negotiating with Japan, the EU and...
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