Washington The head of Toyota North America warned Friday that the tariffs President Donald Trump has threatened to impose on foreign vehicles would make it hard for the company to follow through on an additional $750 million investment in US plants that it announced this week.
"I think it makes it difficult ... because it's going to impact the overall industry," Jim Lentz, CEO of Toyota North America, told reporters after an event with the Economic Club of Washington DC. The carmaker announced on Thursday that it plans to expand its US operations, adding hundreds of new jobs in Alabama, Tennessee, and West Virginia.
Art of the deal, Japanese style.
No problem. Sell your Toyota’s somewhere else
Surprise, surprise
Surprise, surprise
Yea right. Another misleading CNN story.
Simple solution. Japan stops tariffs on importing American cars into Japan. The trade imbalance has to be reciprocal
he is right to not make a further investment.. the people back home. that own the shares .. wont be happy.. with more waste of coin in2USA .. CDNs could use the jobs we lost after GM Left.. move to Ontario with fordnation as the small g god representative..Ontario is awesome!
Who saw that coming? Oh yeah, tons of us.
Will I suggest you agree on a 'fair ' 'trade' deal! !
Fake news. Makes no sense.
Pickin on the wrong countries Donald.
Someone tell him to brace himself for some tariffs, thats like trump's play toys
There is no tariff if the plant is US based. Lol
So they announced the increase knowing it may not happen. There way of making Trump cave?
realDonaldTrump 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Not good for the new Alabama plant
I say move out of the US.. your better off.
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Source: CNBC - 🏆 12. / 72 Read more »