Japanese automaker Toyota will add 600 American manufacturing jobs with a $13 billion investment in the United States by 2021, executives revealed Thursday.
While automakers like General Motors (GM) continue outsourcing American jobs and laying off Americans across the nation, Toyota has announced an even bigger investment in the U.S. than before. In 2017, Toyota executives said they would invest about $10 billion to renovate, add jobs, and build new plants in the U.S.
This week, Toyota executives revealed they plan to increase that original U.S. investment to about $13 billion with an expectation that 600 American manufacturing jobs will be created at the company by 2021. The hundreds of new, high-paying jobs will likely be in newly renovated factories in Huntsville, Alabama, Troy, Missouri, Buffalo, West Virginia, and Jackson, Tennessee.
This, of course, does not factor in the American jobs that will be created in supporting industries thanks to the additional manufacturing jobs created by Toyota.
Hybrids of Toyota’s RAV4 crossover will be produced in the U.S. and the Lexus ES luxury sedan will be manufactured in Kentucky, executives said.
Toyota’s announcement comes two weeks after Fiat Chrysler executives announced they would reopen an idled manufacturing plant in Detroit, Michigan with a total $4.5 billion investment that is set to create about 6,500 U.S. auto jobs.
The boon to U.S. manufacturing and American auto workers is a direct result of President Trump’s economic nationalist agenda. Tariffs on steel and aluminum imports have fueled growth in both metal industries, while the threat of a 25 percent auto tariff on foreign-made cars has generated investment in the U.S. from many automakers, excluding GM.
American manufacturing is vital to the U.S. economy, as every one manufacturing job supports an additional 7.4 American jobs in other industries. Decades of free trade, with deals like the North American Free Trade Agreement (NAFTA), have devastated American manufacturing and U.S. workers’ job prospects, as well as suppressed their wages.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.