Exclusive: Toyota tells U.S. dealers Mexico tariffs could cost suppliers up to $1 billion

June 4, 2019

DETROIT (Reuters) – Toyota Motor Corp has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the automaker’s major suppliers between $215 million and $1.07 billion, according to an email seen by Reuters.

The email, dated June 3, from Toyota’s North American sales chief, Bob Carter, also told dealers that 65% of the Tacoma midsize pickup trucks the Japanese automakers plans to sell in the U.S. market in 2019 will be imported from its plant in Baja, Mexico.

(Reporting By Nick Carey; Editing by Steve Orlofsky)

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