Trump Wants Japanese Car Makers to Manufacture in the US

President Donald Trump pushed for more “reciprocal” trade in Tokyo on the second day of his Asian tour and suggested that Japanese automakers “try building your cars in the United States instead of shipping them over.”The problem: They already do, and have for many years.According to Politico, Trump made the request during a meeting with business executives.However, about 75 percent of Japanese-brand vehicles sold in the U.S. are built in North America, according to the Japan Automobile Manufacturers Association. The organization said that, as of 2015, Japanese automakers operated at least 26 manufacturing plants and 36 research and development facilities in the U.S.

Source: Trump on Japanese automakers manufacturing in the US – CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.