Toyota May Halt U.S. Imports of Some Models on Trump's Tariffs
- Levies would lift prices, limit consumers’ choices, CEO says
- Company builds several of its top models in Canada, Japan
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Toyota Motor Corp. may stop importing some models into the U.S. if President Donald Trump raises vehicle tariffs, while other cars and trucks in showrooms will get more expensive, according to the automaker’s North American chief.
The Japanese carmaker is busy analyzing scenarios about how tariff schemes could affect each of its car and truck lines, said Jim Lentz, chief executive officer for Toyota’s North American operations.