TL;DRToyota will invest $3.6bn to expand its San Antonio plant and shift some Tacoma pickup production from Mexico to Texas over about four years, adding 2,000 jobs. Trump claimed credit for tariffs, but Toyota did not attribute the move to tariffs and is not leaving Mexico. The announcement lands amid USMCA uncertainty after the US declined to renew the pact in its current form on 1 July.
Toyota will invest $3.6bn to expand its San Antonio plant and move some Tacoma pickup production from Mexico to Texas. The carmaker announced the plan on Monday, adding a second assembly line, according to CNBC.
President Donald Trump quickly claimed the move as proof his trade policy is working. “That’s what tariffs do, properly used,” he said during a visit to Ankara, Turkey.
Toyota told a different story, or rather, no such story at all. Its announcement did not attribute the expansion to tariffs, with North America chief Ted Ogawa citing “confidence in the region’s workforce, innovation, and long-term growth potential”.
The 💜 of EU techThe latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!Crucially, the company is not exiting Mexico. Production will shift gradually from its Baja California plant over roughly four years, while Toyota keeps building Tacomas in Guanajuato and the Corolla in Mexico too.
