(Christoph Rauwald – Bloomberg)
Toyota Motor Corp. President Akio Toyoda called on U.S. President Donald Trump to make a “careful and appropriate decision” on whether car imports to the U.S. are a national security threat, and potentially impose tariffs, to avoid potential ripple effects across the industry.
Speaking in his capacity as chairman of the Japan Automobile Manufacturers Association, Toyoda said imported vehicles aren’t a threat and warned import restrictions would affect manufacturers, dealerships and customers.
Negative effects on the U.S. economy and local jobs “should be avoided,” Toyoda said Thursday in a statement. Trump, threatening levies of 25 percent, on Sunday received the findings of a probe into whether imported vehicles posed a national security threat, the basis for imposing sanctions. He now has 90 days to decide whether to act on the findings, which haven’t been published. Click here to read more.