Toyota's Bold Move Against US Tariffs

In a significant development, Toyota Motor Corporation has informed its suppliers that it will absorb the additional costs arising from new United States tariffs. This decision follows President Donald Trump's announcement of a 25% tariff on all imported cars, a move that has sent shockwaves through the global automotive industry.

Industry-Wide Anxiety and Strategic Shifts

The repercussions of the tariff announcement are being felt across the sector, with Hideki Takamiya, president of mobility solutions at Starlite, voicing the growing concern among suppliers. "Without forging new, balanced partnerships between car and parts manufacturers, survival is at stake," Takamiya emphasized. Meanwhile, Honda is reportedly considering a production shift to the United States from Mexico and Canada, a claim that has been denied by Ottawa.