The Japanese car company Toyota wants despite the re-election of Donald Trump (78) to the US President to invest 1.45 billion dollars in its locations in Mexico. “The investment is intended for the production of the new generation of Tacoma and Tacoma hybrid electric pickup trucks and will create 1,600 new jobs,” the Mexican Economy Ministry said on Friday. During the election campaign, Trump threatened to introduce high tariffs on Mexican imports.
Toyota has had a factory in Baja California near the border since 2002 USA and since 2019 in the central Mexican state of Guanajuato. Other car manufacturers like ford, General Motors, BMW and Volkswagen have locations in the country. Their production is mainly destined for the US market, which is the destination of more than 80 percent of Mexican exports.
During the election campaign, Trump threatened to impose a 25 percent tariff on Mexican goods if the country did not stop “this wave of criminals and drugs.” The auto industry is also a particular target of the Republican president-to-be. To give U.S. automakers an advantage, he proposed imposing a tariff of over 200 percent on vehicles from Mexico.