June 5, 2019 – Toyota Motor Corp. estimates that U.S. President Donald Trump’s proposed tariffs on Mexican-made goods could cost its major suppliers more than $1 billion.
The Japanese carmaker provided the estimate in an email to its U.S. dealers, in which it also said 65 percent of the Tacoma midsize pickup trucks it plans to sell in the U.S. market in 2019 will be imported from its plant in Baja, Mexico.
Trump has threatened Mexico with new levies beginning next Monday unless it stops migrants from crossing into the United States.
In the email dated Monday, Toyota’s North American sales chief Bob Carter was reported to have told dealers that the duties could cost its major suppliers between $215 million and $1.07 billion.