The Trump administration is planning to enact a 25% tariff on vehicles imported into the United States, followed later by a similar tariff on auto parts, sparking concerns about the impact on what consumers pay.

Toyota: The automaker has no plans to raise vehicle prices in the United States for now, even though the US remains its biggest market.

U.S. President Donald Trump's administration on Wednesday confirmed that his 25% global car and truck tariffs will take effect as scheduled on Thursday and that duties on automotive parts imports will be launched on May 3.