After the USA Trump administration starts imposing an additional 25% tariff on imported Autos on April 3, Toyota Motor plans not to raise prices for vehicles sold in the USA. Toyota believes that if the tariff increases are immediately passed on to prices, Consumers would reduce purchases, significantly impacting sales. Toyota will maintain current prices while paying attention to the direction of negotiations between Japan and the USA and the impact on sales. The increased costs resulting from tariffs will be absorbed through cost reductions and other means. It is expected that Toyota will not decrease production and employment numbers in Japan and will also maintain the quantity and prices of purchases from suppliers of parts.
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丰田计划美国加征汽车关税后暂不涨价
Toyota plans to temporarily avoid raising prices after the USA imposes higher tariffs on Autos.
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