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Trump says tariffs are driving US manufacturing as Toyota expands
Toyota plans to shift Tacoma production from Mexico to Texas as part of a $3.6 billion investment that targets more than 2,000 jobs, according to the article.
President Donald Trump argued in a recent interview that tariffs have been “incredible,” saying the policy has encouraged companies to change where they manufacture products. He pointed to tariff revenue, stating that the approach has brought in hundreds of billions of dollars.
The article notes the Supreme Court ruled against an earlier legal mechanism Trump used to impose many tariffs earlier this year, but Trump said his administration can still impose tariffs using a different legal route. He described that alternate approach as similarly effective.
In the article, Toyota is cited as an example of firms investing in the United States. Toyota recently announced a $3.6 billion investment in a new facility at its San Antonio campus, and it plans to shift production of its Tacoma pickup truck from a Baja California plant in Mexico to Texas once the new facility opens, creating more than 2,000 jobs.
The piece also frames the trend as broader than automaking, saying other sectors including pharmaceuticals, technology, and industrial companies are also announcing new U.S. investments as manufacturers respond to tariff pressure, while the stock market reaches record highs.