Friday, January 6, 2017

Is This Wise?



Toyota is a Japanese corporation. Is this the right kind of pressure to put on them? Might they decide they don't need to keep ANY plants in the US?
Japanese firms employ more than 800,000 people in the US and contributed $78bn to US exports in 2014, according to the US embassy in Tokyo.

[...]

The automaker did not directly address Trump’s reference to the Mexico plant, but pointed to its contribution to the health of the US economy. “With more than $21.9bn direct investment in the US, 10 manufacturing facilities, 1,500 dealerships and 136,000 employees, Toyota looks forward to collaborating with the Trump administration to serve in the best interests of consumers and the automotive industry,” Toyota said in a statement.

The economy, trade and industry minister, Hiroshige Seko, said the carmaker had contributed to the creation of American jobs.

“Japanese automakers are making significant contributions in terms of jobs in the United States,” he told reporters. “It is important that their efforts and results are widely accepted."

[...]

Analysts said import taxes would have little effect on Toyota’s business in the region. “We think the impact on business performance is limited,” said Akira Kishimoto at JP Morgan. “A cool judgement is needed.”

  Guardian
Also, it's not Baja Mexico where Toyota is building a new factory, it's Guanajuato, and it's already underway.  The Baja California, Mexico, plant (there is no Baja Mexico) has been around since 2002.

It's bad enough he tweets vindictive shit.  That could get us into some real hot water.  But if he's not even going to get his facts right, the world could explode.  Although, if he's going to piss off another country, it's just as well it's one he made up.

...but hey, do what you want...you will anyway.


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