TOKYO (CNA) - Japanese automaker Toyota (Toyota) announced today that it will move the production line for its mid-size pickup truck Tacoma from Mexico to the United States as part of a $3.6 billion (approximately NT$115.6 billion) plan to expand its Texas factory.
According to AFP, U.S. Trade Representative Jamieson Greer recently stated that the U.S. will not extend the United States-Mexico-Canada Agreement (USMCA) under its current terms, meaning the agreement will be reviewed annually from now on.
Given the deep integration of supply chains in North America for industries such as automobiles, this move is likely to exacerbate the uncertainty faced by businesses.
Toyota announced last November that it would invest up to $10 billion in the U.S. over the next five years.
In a statement today, Toyota said it will add a new assembly line at its San Antonio, Texas, plant, which is expected to create more than 2,000 jobs and increase the plant's annual production capacity by 150,000 vehicles. Toyota is the world's best-selling automaker.
Toyota stated, "This investment aims to further strengthen the company's localized and competitive production system. The new production line is expected to officially commence production in 2030.
As U.S. President Trump increases tariffs on products such as automobiles, steel, and aluminum, Toyota and other major automakers are gradually shifting their production lines to the United States.
Although the USMCA remains effective for the next 10 years, Washington announced last week that it will adopt an annual review in the future, which is expected to impact investor confidence. (Compiled by Liu Wenyu) 1150707
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- Source: CNA (Central News Agency)
- Category: 商業
- Organizations: Toyota / USMCA