In This Article:
Toyota’s (TM) North America subsidiary plans to help local auto parts makers with rising costs associated with tariffs announced by the Trump administration, Nikkei Asia reports. The U.S. imposed an additional 25% tariff on all imported vehicles on Thursday, which will extend to major components, including transmissions and engines, by May 3.
Don't Miss Our End of Quarter Offers:
-
Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks.
-
Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on TM:
Disclaimer & DisclosureReport an Issue
-
Canadian PM says to match U.S. tariffs on passenger vehicles, Bloomberg says
-
STEF Group recently launches two hydrogen projects with Toyota, Plug Power
-
Trump says tariffs to remain until he determines trade deficit ‘threat’ resolved
-
Trump says effective at midnight, 25% tariff imposed on all foreign-made autos