Toyota Scolds Trump Over Trade. Here’s Who Makes Cars in America.

MG

Moderator
The White House said on Friday that Wilbur Ross’s Department of Commerce concluded auto imports are a threat to national security in a so-called Section 232 trade report. Toyota pushed back shortly after with a strongly worded response.

So what are the rights and wrongs of the issue, and what should investors keep in mind?


The Commerce Department report points out American-owned producers’ share of the domestic automobile market has contracted from 67% in 1985 to 22% in 2017. Yet Toyota Motor (ticker: TM) says it builds millions of cars in the U.S. while employing hundreds of thousands of American workers.

“Today’s proclamation sends a message to....READ MORE HERE
 
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