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Trump threatens Toyota over Mexico factory plans

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tiamin rice
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Bob Carter, Senior VP Automotive Operations, speaks at the Toyota press conference as the Toyota Concept-i vehicle is revealed at the 2017 Consumer Electronics Show in Las Vegas, Nevada, on January 4, 2017.
Frederic J. BROWN / AFP

US President-elect Donald Trump on Thursday threatened to impose steep import taxes on Toyota if it goes ahead with plans to build a factory in Mexico to export cars to the United States.

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“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 tweet, his latest attack on auto manufacturers investing abroad rather than in the United States.

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Toyota in November celebrated the groundbreaking for the plant in Guanajuato, in central Mexico, which reportedly will entail a $1 billion investment.

Ford this week canceled plans for a $1.6 billion plant in Mexico after coming under attack by Trump.

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