economy
Trump congratulates Nissan over domestic manufacturing initiative
President Donald Trump congratulated Nissan on Wednesday for committing to producing and selling more cars in the United States, touting his use of tariffs for the domestic manufacturing boom.
TL;DR
- President Trump congratulated Nissan for increasing domestic car production and sales in the U.S.
- Nissan's Americas Chairman, Christian Meunier, stated tariffs are encouraging manufacturers to build locally.
- The proportion of Nissan cars made in the U.S. for the U.S. market has increased from 45% to over two-thirds, with a goal of 80%.
- Nissan plans to introduce new hybrid technology within 18 months and hire more domestic employees.
- The company employs about 20,000 people in the U.S.
- Nissan is closing seven of its 17 global manufacturing plants by next year as part of a restructuring plan.
- A plant in Canton, Mississippi, is being transformed into an electric vehicle production facility with a $500 million investment.