Toyota will assist suppliers with higher costs due to tariffs

From Yahoo Finance: 2025-04-05 11:15:00

Toyota’s North America subsidiary plans to assist local auto parts makers with increased costs due to tariffs imposed by the Trump administration. The U.S. announced a 25% tariff on imported vehicles, extending to major components like transmissions and engines by May 3. This move aims to alleviate the financial burden on suppliers.



Read more at Yahoo Finance: Toyota to help cover suppliers’ higher costs tied to tariffs, Nikkei Asia says