The Briefing Room
General Category => Economy/Business => Topic started by: corbe on May 18, 2019, 04:42:22 pm
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Toyota hits back over Trump signaling Japanese investments 'not welcomed'
By Morgan Gstalter - 05/18/19 12:05 PM EDT
Toyota Motor Corp. issued a rare rebuke of President Trump on Friday after he declared that some auto sector imports were a threat to national security.
The sharply worded statement from Japan’s largest automaker hit the president’s claim that the U.S. needs to defend against foreign cars.
“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,†the company said.
The company noted that it directly and indirectly employs more than 475,000 people in the U.S. and has invested more than $60 billion, including 10 manufacturing plants.
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https://thehill.com/policy/transportation/automobiles/444395-toyota-hits-back-after-trump-sends-message-that (https://thehill.com/policy/transportation/automobiles/444395-toyota-hits-back-after-trump-sends-message-that)