Toyota to Invest $3.6 Billion in San Antonio Plant Adding 2,000 Jobs Despite $9 Billion Tariff Impact

Toyota will invest $3.6 billion to expand its San Antonio manufacturing campus by 2.5 million square feet and add 2,000 jobs. -bound Tacoma production capacity on U.S. soil. " Toyota has not formally stated that the Trump tariffs drove the decision to expand production in Texas.

The U.S. " The U.S. auto and parts trade deficit with Mexico rose from $91.9 billion in 2019 to roughly $130 billion per year in 2026. -origin parts content in Mexico-built vehicles fell from more than 60 percent in 2017 to 35 percent in 2024.

On July 1 the U.S. declined to renew USMCA in its current form while keeping the agreement in force during ongoing negotiations. U.S. tariffs erased Toyota's North American profits in fiscal 2026, resulting in a $1.9 billion operating loss in the region.

Toyota estimated the total company-wide impact of tariffs at roughly $9 billion.