It doesn’t even matter that a vast majority of Toyota’s sourced steel and aluminum already come from the US.
It hasn’t even been a day since President Donald Trump announced his intention to add tariffs to imported metal, and already, Toyota is telling its suppliers and the buying public to hold on tight.
“The [Trump] Administration’s decision to impose substantial steel and aluminum tariffs will adversely impact automakers, the automotive supplier community and consumers,” Toyota told Reuters late yesterday, in response to new planned tariffs on both steel and aluminum.
Even though Toyota claims to use 90 percent domestic steel and aluminum in the cars it builds Stateside, the tariffs will still have negative ramifications on the company, which will likely be passed on to the consumer by way of higher window stickers.
