You might have heard that Toyota Motor North America's Chief Operating Officer (COO) Mark Templin recently expressed his opinion about the 25% fees proposed on the policies of Trump administration, especially imported vehicles. He did not openly criticize the administration, but you can see how clear and confident his comments were. Templin said in an CNBC interview that these fees can increase the prices of cars and damage the sales, which will not be good for consumers and automobile industry like you. It was clear from his words that he is worried about Toyota's future and the impact on your pocket.
You must be wondering why this fee is such an issue? The Trump administration claims that the charges on trains coming from Mexico and Canada will promote American manufacturing. But in Templin's opinion, these fees will further off the price of your car, which can reduce your purchasing strength. He suggested that the administration should look into the results of these fees. What do you think Templin's words seem that they do not want to confront the administration, but are not even hiding their concerns.
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You know that Toyota is a big player in America and has invested heavily in local production. Nevertheless, some vehicles and parts are still imported, on which these duties can affect. Templin said that these fees will affect not only Toyota but the entire industry. Hearing them, you will realize how complicated the global supply chain is. If prices rise, you and others may have to loose more pockets to buy new cars.
Templin's caution but clear things make you think that they want to create a balance. They neither want to take enmity with the administration, which makes policies for the industry, nor do they want to ignore the interests of consumers like you. His style maintains the image of Toyota that has always been consumer-focused. Do you think how effective this strategy is? This is an attempt to keep Toyota strong even in difficult circumstances.
Finally, Templin's comments give you a chance to think about how the policies of Trump administration can affect the automobile industry and your life. He highlighted the potential losses of the charges and also showed that Toyota is ready to deal with these challenges. What do you think, will the plan to buy your car change when these policies are implemented? Toyota and other companies will now have to balance the interests of consumers like you and your earnings.