Overview
- Speaking in Japan on Oct. 28, the president told U.S. troops Toyota would build plants "to the tune of over $10 billion."
- Toyota senior executive Hiroyuki Ueda said no such explicit promise was made in talks with Tokyo or the U.S. Embassy.
- Ueda said Toyota will keep investing and hiring in America but did not commit to $10 billion over the next few years.
- He attributed the $10 billion figure to references from Trump's first administration rather than a new pledge.
- The claim followed Trump's first meeting with Prime Minister Sanae Takaichi, where the leaders signed a rare earths deal; the White House did not immediately comment.