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Toyota Camry Faces $1,800 Cost Increase on Trump Import Tariffs

Bloomberg business news
Toyota says Camry would face $1800 in increased costs on Trump’s tariffs. Bloomberg’s Dave McCombs reports.(Source: Bloomberg)

Toyota Motor Corp. is piling onto the broader auto industry’s criticism of the Trump administration’s imports investigation by warning how much more one of its most popular cars could cost due to tariffs.

“We are an exemplar of the manufacturing might of America,” the Japanese automaker said in an emailed statement, noting its 10 U.S. manufacturing plants. “A 25 percent tariff on automotive imports, which is just a tax on consumers, would increase the cost of every vehicle sold in the country. Even the Toyota Camry, the best-selling car in America, made in Georgetown, Kentucky, would face $1,800 in increased costs.”