Affected by Trump tariffs, Camry and other models will rise sharply in the United States

According to Article 232 of the U.S. Trade Development Act of 1962, the U.S. Department of Commerce is investigating the impact of imported vehicles and components on national security. The U.S. government has also taken similar investigations on imported steel and aluminum. Since parts of the trucks and cars produced by Camry in the United States come from other countries, they will be affected by the taxation of parts.

Toyota issued a statement to the media saying that “We are one of the manufacturing drivers in the United States. The U.S. government imposes a 25% tariff on imported vehicles, which is only a tax on consumers and will increase the cost of each vehicle sold in the United States.”

Even Toyota's best-selling model in the United States, Camry, will increase its cost by $1,800. The Camry is produced in Georgetown, KY, USA. About 55% of the parts of the regular version of Camry are purchased in the United States; only 45% of the components of the hybrid version are obtained from the United States. According to the spokesperson, Toyota is likely to allow consumers to bear additional costs.

The Global Automobile Manufacturers Association is a Washington-based trading group that represents automotive manufacturers and parts suppliers headquartered outside the United States. Earlier on June 27, local time, the association condemned the investigation of import commodities conducted by Trump, saying that potential tariffs are "the biggest threat to the US auto industry."

Expanded Metal Mesh

Expanded Metal Mesh,Expanded Metal Wire Mesh,Expanded Aluminum Mesh,Expanded Metal Mesh Machine

anping yaqi wire mesh co.,ltd , https://www.yaqiwire.com