Donald Trump is on his Twitter machine again, running over Toyota Motor’s Mexico manufacturing plant. The near-president has been squeezing jobs out of major corporations in an irritatingly slow drip. This time he has Toyota in his headlights.
The man who would be president has threatened the automaker with a huge border tax, if it goes ahead with its plans to raise a new plant outside of the U.S. Never mind that Toyota is a Japanese corporation, and Trump clearly has no idea how the NAFTA treaty works.
According to NAFTA, the almost-president cannot tax cars sold among the North America countries – US, Canada, and Mexico. But Trump said:
‘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.’
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.
— Donald J. Trump (@realDonaldTrump) January 5, 2017
Toyota President Akio Toyoda said that his company has no intention of halting its automotive production in Mexico, but they will talk to Trump after he takes office:
‘We will consider our option as we see what policies the incoming president adopts.’
In response to Trump’s tweet, Toyota said in a statement to Reuters that the new Mexican plant would not cut its U.S. employment, and:
‘[It] looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry.’
As early as August 2015, Trump said this about Japan in an interview with the Detroit News:
‘Until you open your markets, you’re not selling any more cars over here. That’s going to force people to build in the United States.’
People notice that neither Trump nor his daughter Ivanka have shut down their numerous offshore plants. An executive for a New York City nonprofit Joseph Amodeo offered his personal opinion in this tweet:
, you and @IvankaTrump should manufacture in USA. Until then, you're standing in a glass house with a stone in your hand.
— Joseph Amodeo (@josephamodeo) January 5, 2017
So what happened after that tweet from the orange man? Toyota’s NASDAQ shares dropped slightly in afternoon trading.
This week, Trump gave General Motors an ultimatum to make its Chevy Cruze cars in the U.S. or else!
The near-president has also been trying to bully Ford with the goal of halting a Mexico plant. That time, it worked. Two days ago Ford cancelled its plan to build at the US’s southern neighbor, but they said it had nothing to do with Trump.
Tuesday Toyota announced that it is in the midst of a nationwide consolidation, which means hundreds of jobs will move out of its northern Kentucky headquarters.
Musician Juan MacLean has a new album “In A Dream” in Europe and the USA, so he knows something about international business. He tweeted:
— the juan maclean (@juanmaclean) January 5, 2017
Trump should probably go to NAFTA driving school, before he drives the Mac Truck of the economy into the ditch.
Featured Image: Getty Images/Feng Li.