Toyota Donates $1 Mln to Support Trump's Inauguration

Toyota Motor Corporation has announced a $1 million donation to support the inauguration of US President-elect Donald Trump in January.

This marks the first time the Japanese automaker has contributed to an American presidential inauguration.

In a statement reported by the Japan Times, Toyota expressed its pride in supporting this historic event, emphasizing that presidential inaugurations are a "revered tradition" and reflect its growing presence in the United States.

Toyota joins a host of major corporations contributing to the event.

The donation comes amid concerns within the automotive industry over President-elect Trump’s earlier remarks about imposing a 25% tariff on imports from Mexico and Canada.

Companies like Toyota, which rely heavily on manufacturing in Mexico, have been closely watching Trump’s trade policy rhetoric.