Wonder in creating few thousand jobs in US, how much higher prices 500 million US citizens will have to pay for the cars.
ricky l
11 seconds ago
President-elect Donald Trump has trained his sights on Toyota in his latest effort to badger a company into building its products in the U.S. rather than Mexico.
Trump tweeted Thursday that the Japanese automaker plans to build a factory in Baja, Mexico, to build the compact Corolla. He warns the company to build in the U.S. or pay a big border tax.
The threat is similar to those targeted at Ford Motor Co. and General Motors Co. Trump has repeatedly threatened Ford with a border tax and this week called out GM for importing cars from Mexico.
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Soon all cars make in US has become too expensive, and will price itself out from the World Market.
Consumers will soon not buy US make car and instead go for cheaper options.
US cars will no longer be competitive and will lose business - making US car business losing market share and losing business.
This will be translated into job losses for US car business.
ricky l
2 seconds ago
Simply say, GM cars and Ford cars will become more and more expensive.
Consumers worldwide will go for Japanese cars, European cars, Korean cars.
ricky l
1 second ago
When this happen, GM and Ford will have to close down production lines - as they no longer can sell in the World market due to falling demand.
And GM and Ford will be forced to fire American workers - result in job loss.
ricky l
1 second ago
So in short term, by playing hard ball will reap short term immediate result of bringing production lines from cheaper shops to more expensive place of production - to create jobs.
But the result in long term - is that it will hurt American businesses and hurt American jobs. This time business cannot survive and no longer can create jobs.
ricky l
11 seconds ago
This will be translated into a long-term structural Economic problem for the whole Economy in US.
