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Business

Trump's Toyota tweet jolts corporate Asia

Tax threat has companies second-guessing North America strategies

TOKYO A Donald Trump tweet about Toyota Motor's production plans has sent shock waves through corporate Japan and across Asia, potentially opening the door for wholesale revisions of North American business strategies.

Toyota intends to open a $1 billion plant in Mexico in 2019. However, in a tweet on Jan. 5, the president-elect said "NO WAY" to the idea of Toyota using the facility to export Corollas to the U.S. He said the company should either build the facility in America or expect to pay a "big border tax."

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