Toyota makes a disturbing announcement about tariffs

[Yo_Mama_Been_Loggin]

Ever since President Trump announced the details of his tariff plan on April 2, companies across the U.S. have been grappling with the consequences of how their businesses will be affected by them.

Several CEOs have already spoken out about the costs they will face because of the tariffs, including Apple CEO Tim Cook, who said it will cost the company $900 million this quarter alone. Cook has also said Apple will shift all iPhone manufacturing to India, as the phones were previously manufactured in China.

-snip-

Now Toyota (TOYOF) is the latest company to speak out about the costs it's facing because of tariffs, and the news is not good.


Toyota promises it will not make a hasty move

During a press briefing held on Thursday, May 8, Toyota president Koji Sato announced that the company expects tariffs to cost it $1.3 billion for April and May alone.

https://www.msn.com/en-us/money/companies/toyota-makes-a-disturbing-announcement-about-tariffs/ar-AA1Ewrwd

[Meowmee]

1. Here is what he said.. no word on possible price increases yet...

"Sato did not make any forecasts on the financial future of Toyota, saying that impact would be very difficult to forecast. However, he offered some words of comfort for those who may be worried Toyota vehicles, known for their affordability, will go up in price.

Sato did not address the subject of price hikes directly, saying that Toyota would look at the situation and take "the appropriate action at the appropriate timing."

"Just because of tariff rising prices, [hasty] is not the type of reaction Toyota is thinking of," Sato said."

[republianmushroom]

2. Damn, all this winning.

[Norrrm]

3. Guess what electric car by a South African gozillionaire gets its tariffs lifted.