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Toyota faces biggest hit from Trump tariffs among auto companies

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
While Toyota has increased US production to more than half of sales in the country, it still relies on imports of key vehicle parts and models.
The article from Fortune, published on May 11, 2025, discusses the potential impact of former President Donald Trump's proposed tariffs on the automotive industry, particularly affecting Toyota. If re-elected, Trump plans to impose a 10% tariff on all imported goods, with a specific 100% tariff on cars imported from Mexico, which could significantly disrupt Toyota's operations. Toyota, being one of the largest car manufacturers in the U.S. with significant production in Mexico, would face increased costs and potential trade war tensions with Japan. The article highlights Toyota's concerns about these tariffs, which could lead to higher prices for consumers and strained international trade relations, potentially prompting retaliatory measures from Japan.

Read the Full Fortune Article at:
[ https://fortune.com/2025/05/11/toyota-biggest-hit-trump-tariffs-auto-companies-japan-trade-war/ ]