Trump plans steep tariff on Mexican car production
Trump has targeted Japanese car production in Mexico as well as that of U.S. auto makers in an attempt to bring production back to the United States.
|Japanese automakers already produce far more vehicles in the U.S. than in Mexico. Mexico produces about 1.4 million vehicles annually compared to the US where the top three Japanese automakers already produced around four million vehicles in 2015. The large automakers Toyota and Honda produce less than ten percent of their output in Mexico while Nissan is most at risk as it produces a quarter of its vehicles in Mexico.|