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 Post Posted: Thu Jan 05, 2017 3:07 pm 
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Joined: Mon Mar 31, 2014 8:59 am
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Donald Trump Goes After Toyota on Twitter
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U.S. President-elect Donald Trump on Thursday targeted Toyota Motor TM -0.51% , threatening to impose a hefty fee on the Japanese automaker it if builds its Corolla cars for the U.S. market at a plant in Mexico.

“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 post on Twitter.

Toyota, which announced its plan to build the Mexican facility in April 2015, had no immediate comment.

Following Trump’s tweet, the automaker’s American Depositary Receipts, its stock traded on the U.S. market, fell 0.5 percent to $120.45 on the New York Stock Exchange.

This was Trump’s latest broadside against automakers building cars in Mexico.

Toyota President Akio Toyoda said in Japan on Thursday that the automaker has no immediate plans to curb production in Mexico, preferring to wait until after Trump’s Jan. 20 inauguration before deciding whether to make any changes.

Automakers in the United States have been slammed by Trump for building cars in lower-cost factories south of the border, which he said costs American jobs. Pressure to curb that production intensified this week after Ford Motor F -3.72% scrapped plans to build a $1.6 billion assembly plant in Mexico after Trump harshly criticized the investment.

Ford, however, still plans to shift production of small cars to Mexico from Michigan.

“We will consider our option as we see what policies the incoming president adopts,” Toyota said at an industry gathering in Tokyo on Thursday, when asked whether his company was considering any changes to a production plant the automaker was building in Mexico.

Trump has also said General Motors GM -2.21% could become subject to tariffs on Mexico-made cars for the U.S. market, and that he would like to renegotiate terms of the North American Free Trade Agreement (NAFTA) signed with Canada and Mexico, or scrap it altogether.

http://fortune.com/2017/01/05/donald-tr ... d=leftrail

Here we go!


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 Post Posted: Thu Jan 05, 2017 3:37 pm 
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How this pans out could be Huge for us. I hope our government is ready to negotiate better than last time!!!!!!


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 Post Posted: Thu Jan 05, 2017 3:43 pm 
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 Post Posted: Thu Jan 05, 2017 4:18 pm 
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This isn't anything new, we just haven't seen anything like it since Ronald Reagan was president. He changed everything to be more free trade and dropping barriers... But it never was about being free trade it was just about giving corporations more power. Would love to see this be the beginning of the end to massive corporate power over our society. And nothing would be more fitting than to have the leader of the Republican party going against Ronald Reagan and putting us back to where workers and voters had the power.

TMMC is here because of the Liberal party and the policies of both Parties before Mulrooney and NAFTA. I hope our new Liberals are up for the battle!!!!!!!!!!

"The existing Toyota and Honda of Canada Mfg. assembly plants in Cambridge, Ont., and Alliston, Ont., were opened in the late 1980s when then-industry minister Ed Lumley choked off imports of those companies’ vehicles in Vancouver until they agreed to build plants here. That was part of a long-time strategy on the part of successive federal governments to use various elements of trade policy to win new auto investments."

http://www.theglobeandmail.com/report-o ... e11598347/


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