Are foreign automakers feeling pressured by Trump?
Toyota is investing $1.3 billion to upgrade 30-year-old equipment at its manufacturing plant in Georgetown, Kentucky. The factory is going to start producing a new Camry in June. The automaker says this investment has been in the works for years and was not driven by the border tax floated by President Trump. But that doesn’t mean foreign automakers won’t take the opportunity to highlight their U.S. investments — and to argue against a border tax.
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