$30 Trillion International Corporation Latest Manufacturer to Suffer Threatening Trump Tweets
Toyota shares are down immediately after Donald Trump posted a tweet threatening the auto giant with big taxes if they build a manufacturing plant in Mexico.
CNBC reported “Toyota Motor shares sharply drop after President-elect tweets about the automaker.”
Share prices of Toyota (TM:NYSE)Â dropped from about $121.14 to about $120.37 as soon as Trump’s tweet was posted:
They are moving back up, currently now at $120.66 as of this writing, per CNBC.
Toyota is just the latest manufacturer to suffer from Trump’s tweets. Boeing lost about $4 billion in market value after Trump falsely tweeted the aircraft maker was hundreds of millions of dollars over budget for new Air Force Ones. In reality, there is just a  $175 million contract to work with the Defense Dept. on designing the new aircraft.
Lockheed Martin and General Motors were also victims of Trump’s false and threatening tweets as he tries to strong-arm U.S. manufacturers to not ship jobs overseas. Lockheed Martin also lost about $4 billion in market value after one of Trump’s tweets.
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