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The Commerce department aims to complete its investigation by the end of July or early August. Automakers and others with a vested interest have until this coming Friday to submit their own comments. Toyota hasn’t held back, either. In a statement made in advance of its formal submission, it outlined in dollar terms just what a difference the proposed tariff could make in terms of the cost of a car in its dealerships. This is no niche model, either: it’s the Toyota Camry, currently America’s best-selling car. In 2018 so far, Toyota has sold more than 150,000 of the Camry in the US. Prices currently range from just shy of $24k through to over $35k, but Toyota says that it could increase on average by $1,800 should the tariff be implemented. “A hundred and thirty-seven thousand Americans support their families working for Toyota, and Toyota and Lexus dealerships. They are not a national security threat. Indeed, Toyota operates 10 manufacturing plants in the U.S.
For the original version including any supplementary images or video, visit https://www.slashgear.com/toyota-trump-auto-import-tariff-response-more-expensive-camry-27535861/
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