CEOs forced to hedge against the chaos of a full-on trade war


TOYOTA Motor Corp has long tracked President Donald Trump’s trade threats toward Japan, not to mention tweets slamming the automaker for building a new plant in Mexico. Yet when the United States actually imposed tariffs on aluminium and steel imports last year, Toyota’s crisis management kicked into an entirely different realm.

The company now has a “virtual war room” of about 150 employees mapping out the impact of various US trade policy scenarios, according to a person familiar with its strategic planning.

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