June 20 (Reuters) - Japanese carmaker Toyota Motor ( TM )
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 ( TM ) 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 ( TM ) spokesperson, said.
Prices for Lexus models, Toyota's ( TM ) luxury brand, would also
increase by an average of $208, he said.