Toyota Motor Corp. has criticized the declaration U.S. President Donald Trump made regarding imported automobiles and parts.
Employing a rather strong language, the car maker rebuked Trump’s statement that auto imports threatened America’s national security.
The Japanese automaker said in a statement that the U.S. president’s proclamation was “a major setback.” The company, via its Texas-based Toyota Motor Sales, U.S.A added that any reduction in imports would be a big impediment to U.S. consumers, workers as well as the general auto industry.
Toyota also noted that historically, any limitations placed on import vehicles and parts have been proved to be “counterproductive in creating jobs.”
It has also worked against efforts to stimulate the economy, “influencing consumer buying habits.”
The company acknowledges that imposing import quotas could impact consumers the most, with the setback meaning they pay more and end up with “fewer vehicle choices.”
The statement comes as the Trump administration reportedly kicked off confrontations by setting a six-month deadline for negotiations between the U.S. and Japan, E.U. and other major car exporters.
In a separate development, the European Union has also issued a statement rejecting the view that automobile exports from Europe could be a threat to the U.S’ national security.
European Commissioner for Trade Cecilia Malmstrom tweeted that E.U. was ready to sit and agree on a limited trade agreement that would include cars. According to Malmstrom, the actions that the U.S. intends to take go against the World Trade Organization (WTO) rules, which prohibit export restraints.
In the meantime, Toyota Motor Sales reiterated the company’s contributions in the U.S., including the economy and in creating jobs.
The automaker stated that its investments in the U.S. amounted to over $60 billion and included setting up of 10 manufacturing plants. It also controls over 1,500 dealership networks and directly and indirectly employs nearly 475,000 people.
It concluded that the message Trump was sending was that Toyota and its investments were “not welcomed,” and that the U.S. did not value the contributions the carmaker’s employees were making across the country.