Trump says Toyota will face tariffs
Donald Trump has tweeted that Toyota will face hefty tariffs on cars built in Mexico for the US market.
The President-elect said the Japanese company would be hit with a “big border tax” if it went ahead with plans to build Corollas south of the border.
Mr Trump has already targeted American carmakers General Motors and Ford for manufacturing south of the border, resulting in Ford’s decision to cancel its plans for a $1.6bn (£1.3bn) plant in Mexico and expand operations in the US instead.
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Source: NEWS UPDATE