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Politico
6 days ago
- Business
- Politico
Beshear says Trump's tariff spree undermines the president's supporters
Trump has unleashed a fury of tariff activity in recent days. Last Monday, the president announced letters to 14 countries threatening new tariff rates in August. He followed that up Wednesday with seven more letters to countries, including the Philippines, Moldova and Sri Lanka. Also on Wednesday, he threatened 50 percent tariffs on Brazil over the trial of former President Jair Bolsonaro, a Trump ally who is accused of conspiring to overturn the results of the country's 2022 election. 'Look at what he's doing to critical trading partners like Canada — 22 percent of our exports go to Canada — or Japan, who he's pushing toward China,' Beshear said. 'Japan invests in Kentucky at a level of almost no other state. You know, the largest Toyota manufacturing facility isn't in Japan; it's in Georgetown, Kentucky.' A car drives past the entrance to the Toyota Motor Manufacturing plant in Georgetown, Kentucky, on Jan. 27, 2010. | Ed Reinke/AP But even some Republicans aren't enamored with the president's tariffs. A POLITICO-Public First poll conducted in June found that 1 in 4 Trump voters say his tariffs are hampering trade negotiations with other countries. And under half of Trump voters would support his tariffs on China — a central pillar of the president's trade agenda — if the result were to be higher prices at home. 'This is, what was it, first across the board, then reciprocal, then industry-specific,' Beshear told Welker. 'I think there was a company-specific tariff proposed. Now, we have tariffs on countries if he doesn't like who that country is prosecuting. It is chaos. It is increasing costs.' Beshear also panned the Medicaid work requirements Trump signed into law in his 'big, beautiful bill' on July 4. Many Americans support the mechanism, but Beshear called it a 'ruse' — that's 'going to be devastating to rural economies.' The Congressional Budget Office estimated that nearly 5 million people could lose Medicaid coverage for noncompliance with work requirements by 2034. 'What they're doing is they're doubling the paperwork on everyone, not just able-bodied adults, but everyone,' Beshear said. 'What they're hoping, sadly, is that parents with a special needs child who are really busy don't check a box, people who are helping their parents or grandparents with their long-term care needs don't check a box. And then, they kicked off their coverage for six months or more. It is wrong. It's cruel.'
Japan Times
01-06-2025
- Automotive
- Japan Times
Toyota to build GR Corolla in Britain from 2026
Toyota will start the production of the GR Corolla compact car at its Burnaston plant in Derbyshire, central Britain, in 2026. The automaker hopes to utilize the surplus production capacity of the plant, which is capable of producing 150,000 vehicles annually at present, for exports to the U.S. market, where demand is growing. The plan was announced by Toyota Motor Europe NV/SA on Friday. The investment required to increase production at the plant is estimated to be around ¥8 billion. The Burnaston plant, operated by Toyota Motor Manufacturing (U.K.) Ltd., currently produces models including the Corolla Hatchback. Its output has been shrinking partly due to Brexit, falling below 100,000 units last year. The decision to start building the GR Corolla at the plant reflects "Toyota's efforts to optimize its global production footprint to produce and deliver vehicles to customers as swiftly as possible," the automaker said in a statement, adding that it had been preparing to increase production there since last year and that the plan was not based on U.S. President Donald Trump's tariff measures. Earlier this month, the United States and Britain agreed to lower the U.S. tariff on automobiles imported from Britain from 27.5% to 10% for up to 100,000 vehicles per year. This lower tariff quota is equivalent to the number of vehicles that were exported from Britain to the United States in 2024.
Motor 1
30-05-2025
- Automotive
- Motor 1
Confirmed: Toyota Will Make the GR Corolla In the UK
The rumors were true: Toyota will begin producing the GR Corolla in the United Kingdom starting in 2026. Preparations at the Toyota Motor Manufacturing UK (TMUK) plant actually began last year and will culminate with the start of production sometime next year. The Burnaston factory in Derbyshire will become the company's first plant outside Japan to assemble a full-fat Gazoo Racing product. It makes sense to build the car in the UK, considering Toyota already produces the regular hatchback and the not-for-America Corolla Touring Sports wagon at the same site. Since its launch in 2022, the GR Corolla has been exclusively built in Japan at the Motomachi Plant. Whether relocating some of the production to the UK indicates plans to sell the car in Europe remains unclear. For now, the three-cylinder compact car remains a forbidden fruit on the Old Continent. Photo by: Toyota Toyota has announced that it will reveal details about where the UK-built GR Corolla will be sold at a later date. The company will also share information on annual production volumes and reveal how much it's investing to prepare the factory for the flagship model's arrival. TMUK has been making cars since 1992, when the first Carina rolled off the assembly line. The Avensis sedan and Auris hatch were also made there. Toyota cites growing demand for the GR Corolla as the reason behind its decision to expand manufacturing. It also aims to 'deliver vehicles to customers as swiftly as possible,' and according to Reuters , the UK-made cars will be shipped to the United States. The world's largest automaker for the fifth consecutive year is reportedly spending up to $56 million to make it happen. Once production ramps up, as many as 10,000 vehicles are expected to be shipped to North America annually. It's worth noting that the Trump administration imposed a 25% tariff on vehicles assembled in Japan, while tariffs on UK-made cars have been reduced from 27.5% to 10% for up to 100,000 vehicles per year. Shifting production of US-bound GR Corollas to the UK would ease some of the tax burden, though it's unlikely current pricing will remain unchanged for long. Now might be the best time to buy one, unless you're holding out for the hardcore version Toyota recently teased. It'll have more torque than the standard car's 295 lb-ft (400 Nm), although it's unclear whether it will carry the GRMN badge or be a different kind of special edition. Expect a two-seat layout similar to the Morizo Edition. Stay Up To Speed With The GR Corolla: The 2025 Toyota GR Corolla Is Still the AWD Hot Hatch King How Toyota Made an Automatic Worthy of the GR Corolla Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Toyota Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
