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Toyota Says Tariffs Could Cost Suppliers up to $1B

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June 6, 2019—Toyota told U.S. dealers that tariffs on Mexican imports could cost suppliers up to $1.07 billion, reported CNBC.

The news comes from an email seen by Reuters.

The email, dated June 3, from Toyota’s North American sales chief, Bob Carter, also told dealers that 65 percent of the Tacoma midsize pickup trucks the Japanese automakers plans to sell in the U.S. market in 2019 will be imported from its plant in Baja, Mexico.

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