Trump attributes Toyota’s plant relocation from Mexico to the US to his tariff policy
Donald Trump, the president of the United States, applauded Toyota’s statement on Tuesday that it would relocate its production from Mexico to the United States, citing the company’s tariff policy as the reason.
It is a really important item. The US president said, «The tariffs are having an effect!» on his Truth Social network.
This past Monday, the multinational announced a $3.6 billion investment to expand its San Antonio, Texas, facility. Part of the manufacture of the Tacoma truck would be gradually moved from Baja California as part of the project.
As part of its ambition to increase its manufacturing capacity in North America. Toyota stated that the transfer of Tacoma production from its Baja California plant will be phased in over a period of about four years.
The company reaffirmed its support for an expeditious extension of the USMCA trade deal, viewing it as crucial to maintaining the competitiveness of the regional automotive industry. While highlighting its dedication to its operations in the US, Canada, and Mexico.
According to Ted Ogawa, President and CEO of Toyota North America, the expansion will improve the supply chain. Satisfy customer demand, and provide economic prospects in Texas. It also underlines the company’s trust in American manufacturing.
By 2030, when the new production line is expected to start up, the plant will have almost doubled in size.
