Toyota will not rule out using the “export potential” of its UK plant to send small volumes of vehicles to the US in a bid to navigate the supply chain challenges posed by Donald Trump’s tariff war, a senior European executive has said.
“If the business equation makes sense and the product that we’re producing is wanted by another region . . . we would of course study [our assets],” Matt Harrison, the chief corporate officer in Europe for the world’s largest carmaker, told the Financial Times.
Harrison warned of more “political whirlwinds” ahead as the car industry prepares for a series of tariffs the US president has threatened against its major trading partners.
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