Prime Minister Shinzo Abe and Toyota Motor Corp. President Akio Toyoda are planning to meet Friday, a government source said Monday.
The gathering, which will also likely involve Chief Cabinet Secretary Yoshihide Suga, is being arranged ahead of Abe’s meeting with U.S. President Donald Trump on Feb. 10. Trump has criticized Japan’s top automaker for its plan to build a plant in Mexico.
Trump has accused Japan of engaging in trade practices that he said are “not fair” to American companies, while singling out auto trade as favoring Japan.
Trump threatened to impose a “big border tax” on Toyota if it proceeds with its plan to build a new plant in Mexico to produce Corolla cars for the U.S. market.
In an apparent attempt to counter Trump’s criticism, Toyoda has said his company will make capital investments worth $10 billion in the United States over the next five years.
via Mainichi
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Alfonso Esparza
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