In Donald Trump’s latest Twitter rebuke of an automaker, the president-elect threatened Toyota Motor on Thursday with a large border tax if it builds a new plant outside the U. S.
The company’s shares on the Nasdaq were slightly lower in afternoon trading following the message.
The threat about the Japanese automaker’s planned new plant in Mexico is just the latest from Trump, who already has gone after two other automakers.
Earlier this week, Trump issued a separate ultimatum to General Motors : make its Chevy Cruze cars in the U. S. or expect to pay a big border tax.
He has also been pressuring Ford about its own plans for Mexico. Two days ago, Ford announced it was canceling its plans to build Mexican plant, but insisted Trump was not the main factor for the decision.
Toyota announced on Tuesday that it is beginning to move hundreds of jobs out of its northern Kentucky headquarters as part of a nationwide consolidation.<\/p>\n