Toyota Slams Trump's Security Threat Claim on Auto Imports
Newsfrom JapanEconomy Politics
New York, May 17 (Jiji Press)--Toyota Motor Corp. <7203> on Friday criticized the day's proclamation by U.S. President Donald Trump that increases in imports of automobiles and auto parts threaten the national security of the United States.
The proclamation is "a major setback for American consumers, workers and the auto industry," Toyota Motor Sales U.S.A. Inc., a unit of the leading Japanese automaker, said in a statement.
"Today's proclamation sends a message to Toyota that our investments are not welcomed, and the contributions from each of our employees across America are not valued," the statement said.
"Our operations and employees contribute significantly to the American way of life, the U.S. economy and are not a national security threat," it said.
The proclamation said that Trump will determine "whether and what further action needs to be taken" to restrict automobile imports if the Unites States fails to conclude agreements to address the national security threat within 180 days with Japan and the European Union.
[Copyright The Jiji Press, Ltd.]