TOKYO, March 31 (Reuters) - Toyota ( TM ) will keep
running its operations as it has been and focus on bringing down
fixed costs, it said on Monday, not expressing any intention to
raise vehicle prices in response to U.S. President Donald
Trump's tariffs.
Japanese domestic media reported earlier on Monday that the
world's biggest automaker does not plan to raise prices for
vehicles sold in the United States for the time being, even as
Trump's 25% tariffs on global automotive imports take effect on
April 3.
"While closely monitoring developments from U.S. authorities
including tariffs, we'll continue to work on reducing fixed
costs and maintain our current operations for the time being," a
Toyota ( TM ) spokesperson said in a statement.
In 2024, the U.S. was Toyota's ( TM ) biggest market globally, with
a volume of 2.3 million vehicles.