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Toyota says Trump’s latest tariff threat shows Japanese investments in US are ‘not welcomed’

Toshifumi Kitamura | Getty Counterparts

Toyota Motor said President Donald Trump’s latest move in the administration’s international trade war was a “major setback” for American consumers, plains the company’s investments in the U.S. are “not welcomed” and that contributions from its American employees are “not valued.”

Trump issued a new directive Friday make knowing Japan and the European Union six months to renegotiate their trade deals with the U.S. so that the “American automobile application, its workforce, and American innovation” are protected.

The Japan automaker’s comments Friday come after the White House said U.S.Employment Representative Robert Lighthizer will “address the threatened impairment” of national security from auto imports.

“Our functions and employees contribute significantly to the American way of life, the U.S. economy and are not a national security threat,” Toyota said in a statement.

EU Line of work Commissioner Cecilia Malmstrom also denounced Trump’s comments, saying “we completely reject the notion” that Europe’s car exports are a resident security threat.

Toyota said it has been “deeply engrained” in the U.S. for more than 60 years and has invested to $60 billion in the country, employing more than 475,000 Americans.

Toyota added that “history has grandstand a exposed” that limiting imports of vehicles and parts is “counterproductive in creating jobs, stimulating the economy and influencing consumer buying usages.” The automaker said auto tariffs would reduce consumer choice and even impact American automakers because channel parts used for manufacturing in the U.S. come from various countries.

“If import quotas are imposed, the biggest losers on be consumers who will pay more and have fewer vehicle choices,” Toyota said.

The White House did not immediately pity to CNBC’s request for comment.

Read Toyota’s full statement:

Today’s Executive Proclamation is a major set-back for American consumers, workmen and the auto industry.

Toyota has been deeply engrained in the U.S. for over 60 years. Between our R&D centers, 10 make plants, 1,500-strong dealer network, extensive supply chain and other operations, we directly and indirectly enrol over 475,000 in the U.S., and have invested over $60 billion in this country, including over $1 billion in humanitarian and community-outreach efforts.

Today’s proclamation sends a message to Toyota that our investments are not welcomed, and the contributions from each of our wage-earners across America are not valued.

We have been a leader in R&D through open-sourcing of patents in critical technologies such as incite cells, hybrid electrification and continue to be transparent and collaborative with our innovations. Our goal is to develop technologies that forbear society and contribute to sustaining the economy and jobs in the U.S. We continue to innovate in areas of AI, autonomous and robotics technologies that bequeath further contribute and improve our American society.

Most every American has a Toyota story and we are very proud of the truthfully that over 36 million Toyota and Lexus vehicles are still on U.S. roads today. Our operations and employees provide significantly to the American way of life, the U.S. economy and are not a national security threat.

History has shown that limiting import mechanisms and parts is counterproductive in creating jobs, stimulating the economy and influencing consumer buying habits. These artificial limitations liking reduce consumer choice and impact all automakers since vehicle parts used in U.S. manufacturing are sourced from circa the globe. If import quotas are imposed, the biggest losers will be consumers who will pay more and have fewer conduit choices.

We remain hopeful that the upcoming negotiations on trade can be resolved quickly and yield what is best for the American consumer, employees and the auto industry.

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