Economic news

Toyota is Donating $1 Million to Trump's Inauguration

DETROIT, Dec 24 (Reuters) - Toyota Motor of North America is donating $1 million to President-elect Donald Trump's Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit's Ford Motor and General Motors, said they would give the same amount.

Ford and GM are also contributing vehicles to the festivities, while Toyota is not planning to, the Japan-based company said.

Trump's proposed tariffs on imports from Mexico and Canada would affect many automakers in North America, including Toyota, which produces the Toyota Tacoma pickup truck in Mexico. The incoming president also aims to unravel many of Democratic President Joe Biden's policies on electric vehicle and emissions, Reuters has reported.

Other large companies, including Amazon and Facebook parent Meta Platforms have also donated to the inauguration.

Reporting by Nora Eckert; editing by Jonathan Oatis

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree