Friday, August 3, 2018

Trump Trade War Could Add $3,000 to Price of Some Popular Pickup Trucks and Minivans


The Trump administration's trade war will make Toyota pickup trucks and minivans more expensive, adding about $3,000 to the sticker price of some of its best-selling automobiles, Toyota executives said this morning.

"A 25 percent tariff on automotive imports, which is just a tax on consumers, would increase the cost of every vehicle sold in the country," Toyota said in a statement.

The extremely popular Toyota Camry sedan, which is assembled in Kentucky, would cost an extra $1,800 if a 25 percent tariff were to take effect, the company said.

Toyota's full-size pickup, the Tundra, and the Sienna minivan, which are also assembled in the U.S., would cost an extra $2,800 and $3,000, respectively.

-RW  

(via CNBC)