Toyota Worries Trump's Tariffs Could Hurt Car Sales

Toyota Motor Corp. executives still fret that President Donald Trump’s proposed auto tariffs could come to pass and cut U.S. auto sales by about 2 million cars a year.

Jim Lentz, chief executive officer of Toyota Motor North America, told the Detroit Economic Club Wednesday that Trump’s proposed use of section 232 of the Trade Expansion Act to put 25 percent tariffs on foreign cars would jack up car prices and undercut sales. The move would especially hurt foreign carmakers like Toyota, he said.