Japan defends Toyota after Trump broadside over Mexican plantTOKYO (Reuters) - The Japanese government defended Toyota Motor Corp (7203.T) on Friday as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars. Trump has repeatedly hit out at U.S. companies for using lower-cost factories abroad at the expense of jobs at home. He has slammed U.S. automakers, including Ford (F.N) which this week scrapped a planned $1.6 billion Mexico plant. But the attack overnight on Toyota is his first against a foreign automaker. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump tweeted. Toyota shares fell more than 3 percent before recovering, and Honda Motor Co (7267.T) and Nissan Motor Co (7201.T) slid around 2 percent - even as the government and analysts sought to brush off the impact of the attack.  Chief Cabinet Secretary Yoshihide Suga told reporters on Friday that Toyota was an “important corporate citizen”, while Trade Minister Hiroshige Seko stressed the contribution of Japanese companies to U.S. employment. “We think the impact on business performance is limited,” Akira Kishimoto, a senior analyst at JP Morgan, said in a note. “A cool judgement is needed.”     Toyota’s exposure to Mexico is limited, Kishimoto said, adding that even an “extreme case” tariff of 20 percent would hit its operating profit by around 6 percent. Trump has threatened a 35 percent tariff on cars imported from Mexico. Toyota is just one of a host of companies operating in Mexico. It has an assembly plant in Baja California, where it produces the Tacoma pick-up truck, and where it could increase production. Trump’s tweet, however, confused Toyota’s existing Baja plant with the planned $1 billion plant in Guanajuato, where construction got under way in November, days after the election. The Guanajuato plant will build Corollas and have an annual capacity of 200,000 when it comes online in 2019, shifting production of the small car from Canada.  Baja produces around 100,000 pick-up trucks and truck beds annually. Toyota said in September it would increase output of pick-up trucks by more than 60,000 units annually.  Other Japanese automakers and suppliers in Mexico include Nissan, which has been in Mexico for decades after choosing it as the site for its first assembly plant outside Asia. Nissan has two facilities there, producing 830,000 units in the year to March 2016. Honda operates two assembly and engine plants with a total annual capacity of 263,000 vehicles, and a transmission plant with an annual capacity of 350,000 units.       Aisin Seiki Co (7259.T) and Denso Corp (6902.T), both suppliers to Toyota and other carmakers, have two and three plants, respectively, in Mexico. Parts makers tend to cluster near assembly plants under the industry’s “just-in-time” production philosophy.  politicsNews
japan defends toyota trump broadside mexican planttokyo reuters the japanese government defended toyota motor corp friday important corporate citizen united states donald trump singled automated threatened slap punitive tariffs cars trump repeatedly hit companies using factories abroad expense jobs home he slammed automakers including ford week scrapped planned billion mexico plant but attack overnight toyota first foreign automated toyota motor said build new plant baja mexico build corolla cars no way build plant pay big border tax trump tweeted toyota shares fell percent recovering honda motor co nissan motor co slid around percent even government analysts sought brush impact attack chief cabinet secretary yoshihide sugar told reporters friday toyota important corporate citizen trade minister hiroshige selo stressed contribution japanese companies employment we think impact business performance limited air kishimoto senior analyst jp morgan said note a cool judgement toyota exposure mexico limited kishimoto said adding even extreme case tariff percent would hit operating profit around percent trump threatened percent tariff cars imported mexico toyota one host companies operating mexico it assembly plant baja california produces tahoma truck could increase production trump tweet however confused toyota existing baja plant planned billion plant guanajuato construction got way november days election the guanajuato plant build corolla annual capacity comes online shifting production small car canada baja produces around trucks truck beds annually toyota said september would increase output trucks units annually other japanese automakers suppliers mexico include nissan mexico decades choosing site first assembly plant outside asia nissan two facilities producing units year march honda operates two assembly engine plants total annual capacity vehicles transmission plant annual capacity units asin wiki co dense corp suppliers toyota lawmakers two three plants respectively mexico parts makers tend cluster near assembly plants industry production philosophy politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Japan defends Toyota after Trump broadside over Mexican plantTOKYO (Reuters) - The Japanese government defended Toyota Motor Corp (7203.T) on Friday as an “important corporate citizen” of the United States, after President-elect Donald Trump singled out the automaker and threatened to slap punitive tariffs on its Mexico-built cars. Trump has repeatedly hit out at U.S. companies for using lower-cost factories abroad at the expense of jobs at home. He has slammed U.S. automakers, including Ford (F.N) which this week scrapped a planned $1.6 billion Mexico plant. But the attack overnight on Toyota is his first against a foreign automaker. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump tweeted. Toyota shares fell more than 3 percent before recovering, and Honda Motor Co (7267.T) and Nissan Motor Co (7201.T) slid around 2 percent - even as the government and analysts sought to brush off the impact of the attack.  Chief Cabinet Secretary Yoshihide Suga told reporters on Friday that Toyota was an “important corporate citizen”, while Trade Minister Hiroshige Seko stressed the contribution of Japanese companies to U.S. employment. “We think the impact on business performance is limited,” Akira Kishimoto, a senior analyst at JP Morgan, said in a note. “A cool judgement is needed.”     Toyota’s exposure to Mexico is limited, Kishimoto said, adding that even an “extreme case” tariff of 20 percent would hit its operating profit by around 6 percent. Trump has threatened a 35 percent tariff on cars imported from Mexico. Toyota is just one of a host of companies operating in Mexico. It has an assembly plant in Baja California, where it produces the Tacoma pick-up truck, and where it could increase production. Trump’s tweet, however, confused Toyota’s existing Baja plant with the planned $1 billion plant in Guanajuato, where construction got under way in November, days after the election. The Guanajuato plant will build Corollas and have an annual capacity of 200,000 when it comes online in 2019, shifting production of the small car from Canada.  Baja produces around 100,000 pick-up trucks and truck beds annually. Toyota said in September it would increase output of pick-up trucks by more than 60,000 units annually.  Other Japanese automakers and suppliers in Mexico include Nissan, which has been in Mexico for decades after choosing it as the site for its first assembly plant outside Asia. Nissan has two facilities there, producing 830,000 units in the year to March 2016. Honda operates two assembly and engine plants with a total annual capacity of 263,000 vehicles, and a transmission plant with an annual capacity of 350,000 units.       Aisin Seiki Co (7259.T) and Denso Corp (6902.T), both suppliers to Toyota and other carmakers, have two and three plants, respectively, in Mexico. Parts makers tend to cluster near assembly plants under the industry’s “just-in-time” production philosophy.  politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: japan defends toyota trump broadside mexican planttokyo reuters the japanese government defended toyota motor corp friday important corporate citizen united states donald trump singled automated threatened slap punitive tariffs cars trump repeatedly hit companies using factories abroad expense jobs home he slammed automakers including ford week scrapped planned billion mexico plant but attack overnight toyota first foreign automated toyota motor said build new plant baja mexico build corolla cars no way build plant pay big border tax trump tweeted toyota shares fell percent recovering honda motor co nissan motor co slid around percent even government analysts sought brush impact attack chief cabinet secretary yoshihide sugar told reporters friday toyota important corporate citizen trade minister hiroshige selo stressed contribution japanese companies employment we think impact business performance limited air kishimoto senior analyst jp morgan said note a cool judgement toyota exposure mexico limited kishimoto said adding even extreme case tariff percent would hit operating profit around percent trump threatened percent tariff cars imported mexico toyota one host companies operating mexico it assembly plant baja california produces tahoma truck could increase production trump tweet however confused toyota existing baja plant planned billion plant guanajuato construction got way november days election the guanajuato plant build corolla annual capacity comes online shifting production small car canada baja produces around trucks truck beds annually toyota said september would increase output trucks units annually other japanese automakers suppliers mexico include nissan mexico decades choosing site first assembly plant outside asia nissan two facilities producing units year march honda operates two assembly engine plants total annual capacity vehicles transmission plant annual capacity units asin wiki co dense corp suppliers toyota lawmakers two three plants respectively mexico parts makers tend cluster near assembly plants industry production philosophy politicsnews