Toyota plans major US investment following strong output, sales

Tariffs have changed the economic landscape for the entire U.S. automotive industry. Japanese automakers were particularly affected by the 27.5% duties imposed on their exports to the United States. Top auto importers to U.S. in 2024 Mexico: 22.8% Japan: 18.6% South Korea: 17.3% Canada: 12.9% Germany: 11.7% According to World’s Top Exports count, nearly 20% of the money U.S. consumers spent on auto imports went to Japanese car companies. The only country with a higher percentage was Mexico. Howe ...