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Trump calls «Toyota» tax for cars manufactured for the US market
7/1/2017 0:00
[rtl]WASHINGTON / follow - up to the morning
at a time when US President - elect Donald Trump attacked the Japanese car company , demanding the imposition of customs on vehicles manufactured in Mexico, theJapanese government has defended Toyota Motor carmaker on Friday , describing it as " an important legal citizen" of the United States.
Trump has repeatedly criticized the US companies to use low - cost factories abroad on account of jobs at home.
Trump drew criticism of the US car companies, including Ford , which overturned last week a plan to build a plant worth $ 1.6 billion in Mexico.
But his attack on Thursday night at Toyota is his first to a foreign company for the automotive industry, as Trump said on Twitter: "Toyota Motor said it would build a new plant in Baja , Mexico , for the manufacture of cars Corolla for export to the United States. The bodies! Build a factory in the United States or Pay big tax limits. "
Toyota shares fell by three percent to make up for some of its losses as Honda Motor Co. and Nissan Motor Co. shares went down about two percent.
Suga said Yoshihedy chief secretary of Japan's cabinet, told reporters yesterday that Toyota "important legal citizen" while Commerce Minister Hiroshige Seko emphasized the contribution of Japanese companies in the US employment. He declined Economy Minister Nobuteru Ishihara comment on the tweet Trump.
Said Akira Kishimoto , an analyst at JP Morgan in a note: "We believe that a limited impact on the company 's performance , " noting that Toyota 's exposure to Mexico is limited and that the imposition of any customs duties would reduce operating profit by a large margin.
The Trump threatened to impose duties of 35 percent on imported cars from Mexico.
Toyota issued a statement saying: The new Massanha in Mexico will not reduce US jobs and that it "looks forward to cooperate with Trump 's management to work to serve the best interests of consumers and the automotive industry."
The Toyota announced in April 2015 its plan to build a Mexican plant.[/rtl]
[rtl]http://www.alsabaah.iq/ArticleShow.aspx?ID=129344[/rtl]
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