Toyota is donating $1 million to Trump’s inauguration

By Nora Eckert

DETROIT (Reuters) – Toyota Motor (NYSE:TM) of North America is donating $1 million to President-elect Donald Trump’s Jan. 20 inauguration, an organization spokesman stated on Tuesday, a day after Detroit’s Ford Motor (NYSE:F) and Basic Motors (NYSE:GM), stated they’d give the identical quantity.

Ford and GM are additionally contributing automobiles to the festivities, whereas Toyota just isn’t planning to, the Japan-based firm stated.

Trump’s proposed tariffs on imports from Mexico and Canada would have an effect on many automakers in North America, together with Toyota, which produces the Toyota Tacoma pickup truck in Mexico. The incoming president additionally goals to unravel a lot of Democratic President Joe Biden’s insurance policies on electrical car and emissions, Reuters has reported.

Different massive firms, together with Amazon (NASDAQ:AMZN) and Fb father or mother Meta Platforms (NASDAQ:META) have additionally donated to the inauguration.