Exclusive: Toyota tells US dealers Mexico tariffs could cost suppliers up to US$1 billion

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Toyota Motor Corp has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the ...

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 US$215 million and US$1.07 billion, according to an email seen by Reuters.

FILE PHOTO: A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at the Otay border crossing in Tijuana, Mexico May 31, 2019. REUTERS/Jorge Duenes

Source: Car News Wire (carnewswire.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Toyota, Fiat Chrysler US sales rise in MayFiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in US sales in May, as a strong economy and upbeat consumer sentiment ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Toyota announces first plant in MyanmarTOKYO: Japanese automaker Toyota said Thursday (May 30) it will open its first vehicle production plant in Myanmar, as the country's auto market ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Azerbaijan cancels US$1 billion contract with Boeing for safety reasonsAzerbaijan airline AZAL has canceled a US$1 billion contract with Boeing to purchase 10 737 MAX jets, a spokesman said on Monday, following the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US Women's Open winner will earn US$1 millionFemale golfers will play for a US$1 million (790,451 pounds) first prize at this week's U.S. Women's Open, a first even if prize money continues ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Mexico, US business groups urge Trump to back down on tariff threatMEXICO CITY: Mexico's president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Mexico's economy minister to meet Wilbur Ross over US tariff threatMEXICO CITY: Mexico's Economy Minister Graciela Marquez said on Sunday (Jun 2) she would meet with US Commerce Secretary Wilbur Ross in Washington ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US and Mexico hold tariff talks, Trump demands migrant actionMexico made a last-ditch push Tuesday to avoid the punishing import tariffs Donald Trump has threatened to slap on his southern neighbor, as the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: T-Mobile, Sprint could sell Boost for up to US$3 billion, potential bidders sayA group of potential buyers are preparing bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Virus-packed laptop sells as artwork for over US$1.3mWASHINGTON: For Chinese artist Guo O Dong, the simple black Samsung laptop computer, loaded with six potent viruses, symbolises one of the world's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US inflation perks ups; slowing economy may limit gainsWASHINGTON: U.S. consumer prices increased by the most in 15 months in April, but a cooling in spending pointed to a slowdown in economic growth ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Toyota, Fiat Chrysler US sales rise in MayFiat Chrysler Automobiles NV, and Toyota Motor Corp on Monday posted a rise in US sales in May, as a strong economy and upbeat consumer sentiment ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »