Toyota to Shift Production of Truck From Mexico Plant to Texas
The article discusses recent developments regarding Trump's tariffs and related topics. Key points include: 1. The U.S. has decided against renewing talks for the USMCA, shifting to rolling negotiations. 2. A proposed broad tariff of at least 10% has been announced, citing forced labor issues. 3. There is an ongoing appeal regarding a tariff ruling that has $11.4 billion tied up in refund requests. 4. Information on how U.S. Customs will reimburse importers for tariff refunds is provided. 5. The impact of tariffs is expected to be significant for U.S. midterm elections. 6. A tariff tracker is available for ongoing updates. Additionally, Toyota Motor Corp. is moving Tacoma truck production from Mexico to Texas, investing $3.6 billion and creating 2,000 jobs by 2030.
A newly assembled Toyota Tacoma pickup truck moves through final inspection on the assembly line at the company’s manufacturing facility in San Antonio.Photographer: Luke Sharrett/Bloomberg
Toyota Motor Corp. is moving production of its popular Tacoma midsize truck from a plant in Mexico to San Antonio as part of a $3.6 billion investment in the Texas facility.
The Japanese carmaker will build a second production line, where it currently makes full-size pickups and SUVs, and add some 2,000 new jobs by 2030, it said Monday.
A newly assembled Toyota Tacoma pickup truck moves through final inspection on the assembly line at the company’s manufacturing facility in San Antonio.Photographer: Luke Sharrett/Bloomberg