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Japan firm drops Mexico plant plan

Friday, February 10, 2017


A top Japanese company said Thursday it had dropped Mexico as a possible location for a new auto parts factory after Donald Trump rapped Toyota over a plant in the country — and economists warned more firms could follow suit.

The decision by Nikkei 225-listed Nisshinbo Holdings marked the first time a Japanese company has publicly abandoned a Mexican facility in response to the new US president’s protectionist outbursts, the Nikkei business daily said Thursday.

Source: AFP