Money

Donald Trump threatens Toyota with tax on imports of Mexican-made vehicles

Written by Teunis Felter

U.S. president-elect Donald Trump has taken aim at another automaker over its production in Mexico, this time threatening Toyota Motor Corp. with a tax on vehicles brought into the United States. Toyota currently builds about 100,000 pickup trucks and truck beds annually in Baja California in northwestern Mexico, and plans to raise that output to about 160,000 by 2018. When it comes online in 2019, the Guanajuato factory will have the capacity to crank out 200,000 cars a year, bringing an end to the production of the Corolla in Canada. It is one of the bestselling cars in Canada and had been built here since the plant opened in the 1980s. The company said back in 2015 that the plant would “switch from producing Corollas to mid-sized, higher-value vehicles.” Toyota will also continue building Corollas in the U.S. at a plant in Blue Springs, Miss.

http://www.cbc.ca/news/business/trump-tweet-toyota-tax-1.3922761

About the author

Teunis Felter

Teunis Felter has over 20 years experience as an author, editor, and scientist. When not exploring outside, he enjoys reading history, researching genealogy, and civilly discussing politics.