Toyota Takes Advantage of USMCA, Aims to Avoid Section 232 Tariffs — Panjiva
MENU

Panjiva_research_logo

Toyota Takes Advantage of USMCA, Aims to Avoid Section 232 Tariffs

Cons. Discr. - Autos 661 Mexico 505 Tariffs 1169 Trade Balance 657 U.S. 3297 USMCA 373

Toyota has announced plans to spend $13 billion over the next five years to expand its vehicle and parts manufacturing in the U.S. That’s likely to be a response both to the passage of the U.S.-Mexico-Canada Agreement as well as preempting long term risks from the ongoing section 232 review of the automotive industry. The firm has already cut back its imports from outside North America, shown by a slide of 19.6% year over year in the three months to Feb. 28. That is possibly in response to lower vehicle sales. At the same time Toyota has scaled up its imports from Mexico to the U.S. by 1...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.