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U.S. President-elect Donald Trump issued a warning to Toyota Thursday over a new plant in Mexico.
Japan-Update

Japan Inc. reeling from Trump's Twitter punch on Toyota

Japanese auto stocks fell following tweet

| Japan

TOKYO -- U.S. President-elect Donald Trump's tweet targeting Toyota Motor on Thursday has sent shock waves through Japanese corporate circles, potentially opening the door to wholesale revisions of business strategies in North America.

Trump, apparently reacting to Toyota's plans to start up a $1 billion Mexican plant in 2019, said "No Way" to the idea of the Japanese automaker using the facility to export Corollas to the U.S., adding such a move would be subject to a "big border tax."

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