Since his election, Donald Trump has already had a substantial impact in pressuring companies to build jobs in America.
With the continued outsourcing of manufacturing job in the United States over the past several years and decades, Trump’s election marked a strong statement by the American people saying that this trend must not continue.
After winning strong manufacturing states like Pennsylvania, Ohio, Michigan and Wisconsin, Trump has been willing to use his informal role as the President to bring about change to the United States economy.
Once again, President-elect Donald Trump took to Twitter to voice his opposition to outsourcing, this time regarding Toyota’s decision to build a plant in Mexico, rather than in the United States.
Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax.
— Donald J. Trump (@realDonaldTrump) January 5, 2017
Evidently, the Japanese car company had planned on producing their popular Toyota Corolla in Mexico, to be sold in the United States. However, Trump has routinely stated that he plans to impose new, significant tariffs on goods entering into the United States.
It will be interesting to see if the pressure put on by Trump will be enough to convince Toyota to reverse course and begin production domestically, in America. Interestingly enough, immediately following the President-elect’s Tweet there was a sudden dip in the stock of Toyota.
Trump tweeted about Toyota at 1:14 pm. Look what happened to their stock right after. pic.twitter.com/S6UomavLpn
— Thomas C. (@Thomas_Conerty) January 5, 2017
Based on this chart, there was almost a 1% drop of the value of Toyota stocks right after Trump Tweeted against Toyota. This follows with recent trends, such as the Carrier deal and Ford Motor Company similarly deciding to manufacture in the United States rather than Mexico after Trump speaking out against the company’s plans.
These decisions have been deemed rather controversial in America alone — much less in Mexico and abroad. As these jobs will remain in the United States, there has been outcry in the Mexican media as they will not be seeing new jobs as a result of Trump. A headline for El Universal in Mexico read, “Trump leaves Mexico without 3,600 jobs.”
Certainly it will be interesting to see how the international community responds to the protectionist trade policies which Trump is expected to enact on top of this informal leadership.
What do you think? Will jobs being created in the United States become a trend over the next four years? Let HYPELINE know what you think in the comments!