The Trump administration is enacting a 25% tariff on imported vehicles and auto parts, sparking concerns that car prices will rise. Read on to see what Toyota has to say. Toyota Motor Corp. doesn't seem inclined to raise prices in response to President Donald Trump’s auto tariffs that are set to go into effect April 3.

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.