New York (CNN Business) Toyota has criticized President Donald Trump's decision to declare some auto sector imports a national security threat, saying it sends a message that Japan's largest carmaker isn't welcome in the United States. Trump on Friday issued a proclamation directing his administration to pursue negotiations with countries that import cars and automobile parts, saying allies like the European Union and Japan have erected " unfair trade barriers. The proclamation delayed new tariffs on foreign autos for six months while the negotiations continue. The move sparked a sharp rebuke from Toyota, which had said this spring it is investing $13 billion in US operations over the next several years. "Today's proclamation sends a message to Toyota that our investments are not welcomed, and the contributions from each of our employees across America are not valued," the company saidRead More

Source: CNN May 18, 2019 16:02 UTC