Toyota to raise US auto prices
Japanese carmaker
Toyota
Motor said on Saturday it will raise prices for some vehicles sold in the United States by an average of $270 starting in July.
The automaker's decision follows U.S. President Donald
Trump
's imposition of a 25%
tariff
on imported vehicles and auto parts. A Toyota spokesperson, however, denied the tariff directly influenced the price increase.
"The latest price hike is part of our regular review of the prices," Nobu Sunaga, a Toyota spokesperson, said.
by Taboola
by Taboola
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Prices for Lexus models, Toyota's luxury brand, would also increase by an average of $208, he said.
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