Trump tariff would make the Toyota Camry $1,800 more expensive to build
Toyota says the Camry will cost $1,800 more to make if the Trump administration goes through with an auto tariff. Toyota's cost estimate was based on the threat of a 25% trade penalty on imported cars and parts. Related: Tariffs on European cars would hurt US auto jobsThe Commerce Department is investigating whether auto imports pose a national security threat, justifying a tariff. President Donald Trump has directed his attacks especially at cars imported from Europe. — TheRealDonaldTrump (@RealDonad_Trump) June 22, 2018The Commerce Department is accepting comments on the possible tariff through the end of this week.
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collected by :Edison Noah