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Toyota says it will maintain operations despite US tariffs
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Toyota says it will maintain operations despite US tariffs
Mar 31, 2025 6:13 AM

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.

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