Trump: Toyota faces big tax if it builds Corolla cars for U.S. in Mexico

U.S. President-elect Donald Trump on Thursday targeted Toyota Motor Co, threatening to impose a hefty fee on the Japanese automaker it if builds its Corolla cars for the U.S. market at a plant in Mexico.

“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,” Trump said in a post on Twitter.

Toyota, which announced its plan to build the Mexican facility in April 2015, had no immediate comment.

toyota_small Trump: Toyota faces big tax if it builds Corolla cars for U.S. in Mexico Business

Toyota Motor Corp. President Akio Toyoda said prior to the tweet that he would take Trump’s decisions into account when planning for the automaker’s Mexico operations,

After Ford Motor Co. scrapped plans to build a new plant there.

Toyoda told reporters at a New Year’s gathering that he’ll handle the situation after understanding it better, when asked for a reaction to the news that Ford had canceled a plan to build a $1.6 billion plant in Mexico following criticism by Trump.