Japanese carmaker Toyota Motor mentioned on Saturday it’ll increase costs for some autos bought in the US by a median of $270 beginning in July.
The automaker’s resolution follows U.S. President Donald Trump‘s imposition of a 25% tariff on imported autos and auto elements. A Toyota spokesperson, nonetheless, denied the tariff immediately influenced the value enhance.
“The newest value hike is a part of our common evaluate of the costs,” Nobu Sunaga, a Toyota spokesperson, mentioned.
Costs for Lexus fashions, Toyota’s luxurious model, would additionally enhance by a median of $208, he mentioned.
