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As you may have heard, the President had a few more verbal salvos to fire last week in the trade wars. One of them, in particular, had to do with the auto industry, specifically auto imports, which Donald Trump described as a potential national security threat. Most of the verbal saber rattling lately has been directed at China, but this particular comment caught the attention of Japan. And to say the least, they found the message disheartening. (CNBC)
Japanese automakers, led by Toyota Motor President Akio Toyoda, had more harsh words for U.S. President Donald Trump Tuesday after he labeled international auto imports a threat to national security last week.
“We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the United States are not welcomed,” said Toyoda, chairman of the Japanese Automobile Manufacturing Association.
Toyoda said he was “deeply disappointed” in Trump and that trade restrictions “would deliver a serious blow to the U.S. auto industry and economy.”
The group released new data that shows they have collectively invested about $51 billion in manufacturing in the United States over the last several decades. The group also estimates its members have created almost 94,000 manufacturing jobs at their U.S. plants and more than 1.6 million indirect jobs, like at dealerships and suppliers in the U.S.
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