Skip to main content

Trump: Toyota Faces Big Tax if it Builds Corolla Cars for U.S. in Mexico

US President Elect Donald Trump On Thursday Turn His Attention To Toyota Motor, Threatening To Impose a Hefty Fee On Them If It's Corolla Car For US Market Is Build At Mexico Plant.
"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.
This was Trump's latest broadside against automakers building cars in Mexico and first against a foreign automaker. The president-elect's attacks on investments by companies in Mexico have cast a shadow over cross-border production networks central to more than $583 billion a year in trade between the two countries.
The value of the Mexican peso has skidded amid fears that Trump's policies would harm Latin America's second-biggest economy.
Toyota, which announced its plan to build a new Mexican facility in April 2015, said the plant in Guanajuato city would not take away from U.S. employment.
"Toyota looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry," Toyota spokesman Scott Vazin said.

Comments

Post a Comment

Popular posts from this blog

Don Jazzy, Wizkid, Davido make Forbes list of richest Africans

Forbes Africa has released its list of Richest African musicians. The list was put together using factors such as endorsement value, popularity, show rates, sales, awards, YouTube views, appearance in newspapers, investment, social media presence, influence and others. Nigerian artistes, Don Jazzy, Wizkid and Davido, are among the top ten richest African musicians. The top 10 are; 1. AKON Akon has over 35 million albums sold worldwide. He has won numerous awards including five Grammy Award nominations and has 45 Billboard Hot 100 songs under his belt. He tops the list according to Forbes Africa. 2. BLACK COFFEE, SOUTH AFRICA The multi-award-winning artist’s real name is Nkosinathi Maphumulo. He was born in South Africa’s house music province, KwaZulu-Natal (KZN) and raised in the Eastern Cape province, where Nelson Mandela hailed from, before moving back to KZN to study music. 3. HUGH MASEKELA, SOUTH AFRICA Hugh was born in Witbank, east of Johannesburg. He has released more than 43 ...
Post a Comment
www.bountifullink.blogspot.com»

EFCC denies raid on Dajuma Goje‎ home

The Economic and Financial Crime Commission, EFCC, has denied reports that it raided the Abuja home of Senator Dajuma Goje. The EFCC in a statement signed by Wilson Uwujaren urged Nigerian and others to disregard reports that EFCC’s men on Thursday evening raided the home of Danjuma Goje, Uwujaren‎ in the statement said ”Please disregard online reports claiming the EFCC today April 20 raided the Abuja home of Senator Please disregard online reports claiming the EFCC today April 20 raided the Abuja home of Senator Dajuma Goje‎. The report is false as the Commission was not a part of any such activity.
Post a Comment
www.bountifullink.blogspot.com»

China's green-trading rise puts world on notice

TOKYO -- China is fast emerging as a major force in emissions trading, and experts say that may work against Japanese companies. Now that the Paris Agreement -- a United Nations-backed accord aimed at reducing greenhouse gases -- has gone into effect, governments are expected to ramp up their efforts this year to curb emissions.
Post a Comment
www.bountifullink.blogspot.com»