Toyota suppliers seek relief from USMCA review [Yahoo! Finance]
Toyota Motor Corporation (TM)
US:NYSE Investor Relations:
toyota-global.com/investors
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Source: Yahoo! Finance
WASHINGTON — Toyota is preparing for the U.S. federal government's review of the United States-Mexico-Canada Agreement, which is set to begin July 1 , Adam Farris, the automaker's director of International Trade and Supply Chains, said during a company event at the CTA Innovation House on Wednesday. “Oftentimes, when we talk about tariffs or when they hear tariffs in the news, it's really centered on finished vehicle producers or OEMs,” said Lena Moulckers, director of supplier policy outreach at Toyota. “But really the tariffs are also affecting every critical supply chain player out there, namely our automotive parts suppliers, who are often ignored, yet play a critical role in the all the tariff environment.” Toyota has been supporting its suppliers through the tariffs, Moulcker said, adding that the company's suppliers have 600 facilities throughout the U.S. and employ over 200,000 workers, and they “all care about stability and certainty.” The USMCA plays a part in providing
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