
TOKYO — President Trump announced Toyota has promised $10 billion in investments toward new manufacturing plants in the US — urging people to “go out and buy a Toyota” in a wide-ranging speech to sailors aboard the USS George Washington Tuesday in Tokyo Bay.
Trump, who is making trade and economic deals a top goal of his three-nation regional tour, said that Japanese Prime Minister Sanae Takaichi told him earlier in the day that the world’s largest car company would pour funds into American manufacturing plants.
“I was just told by the prime minister that Toyota is going to be putting auto plants all over the United States to the tune of $10 billion. So that’s Toyota — so go out and buy a Toyota,” Trump said aboard the 4.5-acre nuclear-powered ship.
Remember when Toyota walked back it’s comments on “Adjustments” back in July …
… That statement is contrasted by messaging from Toyota earlier this week. Scott Mackenzie, director of corporate and external affairs for Toyota, reportedly told the Globe and Mail that, if potential trade deals fail to remove the auto tariffs, Toyota could be forced to make “adjustments” in Ontario manufacturing.