Donald Trump celebrates 'really big deal' as Toyota confirms $3.6bn Texas investment - 'Tariffs at work!'

Donald Trump has thanked Toyota for its massive $3.6billion investment in its plant in Texas, with the President arguing that the funding was proof that his tariffs were working.

Toyota has announced a huge investment of $3.6billion (£2.7billion) into its San Antonio plant in Texas, including the establishment of a second vehicle assembly line.

The newly established line is scheduled to begin operations in 2030, will create over 2,000 new jobs and add 2.5 million square feet to Toyota Texas.

It will also increase annual production capacity at the plant by approximately 150,000 units of the popular Tundra, Sequoia and Tacoma models.

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Toyota has now taken its total investment in San Antonio to a staggering $8.3billion (£6.2billion) since it broke ground in 2003.

The site will transition Tacoma production from its Baja California base (TMMBC) to the expanded Toyota Texas plant over an approximate four-year period.

Commenting on new investment, Ted Ogawa, president and CEO of TMNA, said: "Toyota's continued investment in North America is a testament to our confidence in the region's workforce, innovation and long-term growth potential.

"By expanding our San Antonio plant, we are deepening our commitment to American manufacturing, creating meaningful and sustainable jobs, while advancing our mission to deliver high-quality vehicles that meet the changing needs of customers today and into the future."

Toyota emphasised how the process was "highly competitive" and maintained the brand's commitment to the state of Texas as a vital hub.

It added that Toyota also remains committed to the United States, as well as Canada and Mexico, and encouraged a "quick resolution" to the US-Mexico-Canada Agreement (USMCA).

Representatives from the US trade office confirmed that Washington had walked away from renewal talks, stating that there were "existing issues".

President Donald Trump argued that the United States "didn't need anything" from Canada or Mexico, but both nations needed "everything" from the United States.

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Despite concerns around the USMCA, the President took to social media site Truth Social to comment on the Toyota announcement.

He wrote: "Toyota is moving from Mexico to the United States (Texas!). A really big deal. Tariffs at work! President DONALD J. TRUMP."

Under the current USMCA agreement, compliant parts are not subject to a tariff of 25 per cent, while vehicles are subject to a 27.5 per cent tariff.

The San Antonio plant manufactured 197,000 vehicles last year and is the exclusive home of the Toyota Tundra and Sequoia.

Dan Patrick, Texas Lieutenant Governor, said: "Texas' proven formula of free markets, a stable regulatory environment, and fiscal responsibility is why the Lone Star State remains the best state to do business in America.

"Toyota's new $3.6billion investment in Bexar County is yet another important data point supporting that fact.

"This transformational investment for a new Toyota manufacturing line will result in billions in economic activity for the local San Antonio economy and will provide over 2,000 high-paying jobs for families in San Antonio and the surrounding communities."

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