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Saturday, May 18, 2019

Toyota says Trump auto proclamation signals the carmaker isn't welcome in US

Trump on Friday issued a proclamation directing his administration to pursue negotiations with countries that import cars and automobile parts, saying allies like the European Union and Japan have erected "unfair trade barriers."
The proclamation delayed new tariffs on foreign autos for six months while the negotiations continue.
The move sparked a sharp rebuke from Toyota, which had said earlier this spring it is investing $13 billion in US operations over the next several years.
"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," a statement said.
"Most every American has a Toyota story and we are very proud of the fact that over 36 million Toyota and Lexus vehicles are still on U.S. roads today. Our operations and employees contribute significantly to the American way of life, the U.S. economy and are not a national security threat. "
--This is a developing story

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from CNN.com - RSS Channel https://cnn.it/2w7SsBT

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