<ul><li>Toyota's Chief Operating Officer, Mark Templin, warned about the negative impacts of tariffs on auto parts imposed by the Trump administration.</li><li>Templin highlighted that tariffs would result in higher prices, lower vehicle sales, and increased costs for servicing and repairing vehicles.</li><li>He emphasized the global and complex nature of supply chains in the automotive industry, stating that abrupt tariffs could disrupt the fragile balance.</li><li>Toyota, with 11 plants in the US, stressed the challenges of shifting production facilities quickly and mentioned being in a 'wait and see mode' regarding pricing strategies.</li></ul>

Toyota: Tariffs Will Lead to Higher Prices, Fewer Sales, Pricier Repairs

Discover more